Today is the Federal Reserve's decision day! Here's what you need to know:
- The decision comes out at 2:00 PM Eastern Time.
- Experts predict the interest rate to stay at 5.50%, the same as before.
- At 2:00 PM ET, the Fed will release a statement.
- Fed Chair Powell will hold a press conference at 2:30 PM ET.
- The USD is up because of the Fed meeting and good job market data.
- People think the Fed might hint at raising rates in the future.
- The USDJPY pair is at a critical level, and opinions differ on where it might go next.
- Overall, the market is waiting to see if the Fed's decision will affect the value of the dollar.