US Fed Interest Rate Decision Today: The United States Federal Reserve’s (US Fed) rate-setting panel, the Federal Open Market Committee (FOMC), began its two-day meeting on March 17 to assess the monetary policy outlook, amid a highly uncertain global scenario due to the ongoing US and Israel's war in Iran. The 12-member committee is set to conclude its meeting on March 18, after which US Fed Chair Jerome Powell will announce its decision on the benchmark lending rate for the world’s largest economy. The outcome is scheduled at 2:00 PM Eastern Time (12:30 AM IST on March 19).
Will US Fed Maintain Status Quo On Interest Rates Amid Iran War? How Will It Impact India's Markets
US Fed Interest Rate Decision Today: The American central bank is largely expected to hold the key benchmark lending rates steady. Here's how it will impact India's stock markets
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The American central bank will also release its quarterly Summary of Economic Projections. This report lays out the Fed’s latest outlook for key indicators such as economic growth, inflation and unemployment, and investors will be watching closely for any signs of downward revisions.
The US Fed had cut interest rates in three consecutive meetings last year, before holding rates steady at its January meeting in the 3.50-3.75 per cent range.
US Fed Interest Rate Decision: Will US Fed Hold Rates This Time?
According to the Chicago Mercantile Exchange’s (CME) FedWatch Tool, which tracks market expectations based on interest rate futures, there is a 98.90 per cent probability that the US Federal Reserve will keep rates unchanged at this meeting.
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