Federal Reserve Headquarters
Federal Funds Rate
The FED to Keep Rates Steady after Hiking in September
Starts Thursday, November 15, 2018 at 21:50
Updated Thursday, November 8, 2018
The Federal Reserve FED has been on the forefront of the normalization of the monetary policy. It started hiking interest rates back in December 2015 and this year alone, it has already hiked them three times. The last rate hike was back in September during the last meeting of the FOMC. The FED is expected to keep rates unchanged this time, so we don't expect much action in USD pairs. But, the statement should take some more attention, since the market is expecting another rate hike in December, so we will probably get some clues in the statement. Please follow us for live coverage of this event by experienced analysts and the impact it might have on the currency.
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About Federal Funds Rate
The U.S. Federal Reserve (FED) is the central banking authority of the United States. It is comprised of members of the Board of Governors of regional U.S. FED branches. The FED meets periodically every five to eight weeks throughout the year to discuss the state of the U.S. economy. Employment, growth, inflation and the lending environment are topics formally addressed at FED conferences.The FED is commissioned with the task of managing U.S. monetary policy. This includes the setting and revising of interbank lending rates for the USD. In order to accomplish this objective, FED members vote on whether rates are to be raised, remain unchanged, or lowered at each meeting. A decision is then reached and announced to the public.A rate "hike" or raise, is a signal of tightening monetary policy amid inflationary pressures. Rate hikes typically strengthen the USD against other major global currencies. Conversely, holding rates steady or cutting rates is a signal of “dovish” policy. These actions commonly lead to the USD weakening and devaluation across the majors.