🚨Prepare for today's financial rollercoaster.
💥All eyes are on the US Federal Reserve's decision on interest rates and monetary policy, set to be announced at 9:00 PM Saudi time, followed by Jerome Powell's press conference.
Investors are eagerly awaiting Powell's speech at 9:30 PM Saudi time, seeking clarity on crucial questions shaping the interest rate trajectory for 2024:
- Timing of potential interest rate cuts.
- Expected frequency of rate adjustments.
- Insights on the banking sector, unemployment, and inflation.
- Future plans to strengthen the dollar's stability.
American banks are leaning towards a consensus, predicting interest rates to hold steady at 5.5%. 🇺🇸
