Summary:
On September 21, 2023 (Thursday) at 2:00, the September FOMC interest rate meeting of the Federal Reserve arrived.
The Fed's Sep meeting
21/9/2023 (Thu) 02:00
Previous (Aug): 5.50% Forecast: 5.50%
The Fed is widely expected to keep interest rates on hold this week. Policymakers have signalled a pause but they are ready to act again if inflation does not slow enough later on.
The focus will be on whether the central bank is done raising borrowing costs. If so that could put a brake on rising Treasury yields and the US dollar.
Petrol costs drove prices higher in August but core inflation continues to cool. Retail sales grew more than expected last month for the same reason.
Goldman Sachs said the world’s largest economy is likely to avoid a harsh downturn, but warned that inflation will be more persistent than market consensus.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
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