After CPI, it's the Fed's turn to take the stage! Pay attention to these six key points in the early morning
The unexpected decline in US inflation is expected to give the Fed more confidence in cutting interest rates. At 2:00 a.m. Thursday, the Fed will announce its latest interest rate decision. The market generally expects the FOMC to keep the benchmark interest rate unchanged, but economists will pay close attention to any clues about the timing of the first rate cut in four years. After a series of rapid rate hikes since the beginning of 2022, the Fed has kept the interest rate range unchanged at 5.25%-5.5% since July last year.
The Fed is not expected to cut interest rates in July, which means they will get more data before the September meeting. Given this, officials may try to keep their options open. After this week, the Fed will hold four more meetings this year - in July, September, November and December.
If you want to know more about the currency circle and the latest information, please follow Dasheng, who publishes market analysis and recommends high-quality potential currencies every day.
