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The eyes are turned to 10:00 PM! The Fed will announce its interest rate decision.
The eyes are turned to 10:00 PM! The Fed will announce its interest rate decision.

07.11.2024 09:30

The decision that global markets have been eagerly awaiting will be announced by the U.S. Federal Reserve today. The Fed last lowered the interest rate to 5%. Expectations are for the rate to decrease to 4.75%.

The Federal Reserve (Fed) will announce its policy interest rate today. The decision to be made following Donald Trump's victory in the U.S. presidential elections is significant for the markets.

The Fed will announce its interest rate decision at 10:00 PM.

TRUMP WILL TAKE A HAWKISH STANCE AGAINST THE FED

Trump believes that the U.S. president should have a say in the Fed's monetary policy decisions. Trump, who nominated Jerome Powell for the presidency of the bank in November 2017, criticizes Powell for his monetary policy decisions.

HE ADVOCATES FOR LOWERING INTEREST RATES

Trump argues that there are ways to reduce inflation without raising interest rates and generally advocates for lowering interest rates. If he becomes president again, Trump is expected to allow Powell to complete his presidency, which will last until 2026.


 
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