Federal Reserve Chairman Jerome Powell holds a information convention following a gathering of the Federal Open Market Committee.
The Fed is about to conclude its two-day coverage assembly Wednesday and make an announcement within the afternoon. The central financial institution is just not anticipated to announce any coverage adjustments on Wednesday. Nevertheless, it’s anticipated that the Fed will sign that will probably be prepared to boost rates of interest as quickly as March, and that it’ll take into account different tightening measures. Market individuals can even search for hints on additional steps the Fed will take to unwind pandemic-era help.
Current market volatility is unlikely to discourage the Fed from implementing as a lot as 4 or extra rate of interest hikes this yr, market strategists say.
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Fed Chair Jerome Powell holds information convention after charge determination — 1/26/22