FOMC Board Member Meeting
FOMC Meeting Minutes
Let\'s See What the FED talked About When hey Cut Interest Rates
Starts Wednesday, August 21, 2019 at 18:00
Updated Thursday, August 15, 2019
The Federal Reserve increased interest rates in December which was the fourth rate hike that year. But that might be the end of rate hikes for the foreseeable future. The market was widely expecting that, but traders were also expecting the FED to turn slightly dovish and signal a slowdown in rate hikes this year. They sounded both, to be honest - they sounded a bit dovish but not as dovish as the market was expecting. Although, they turned increasingly dovish in the last previous meetings and they cut rates by 25 basis points in the last meeting. The market was expecting for something more from them, such as a 50 bpa rate cut or more easing in the coming months, but they disappointed expectations. So, it will be interesting for traders to see what there is 'behind the curtains' discussion was. Please follow us for live coverage of this event by live market analysts.
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About FOMC Meeting Minutes
The Federal Open Market Committee (FOMC) is the policy-making body of the U.S. Federal Reserve System (FED). It is scheduled to meet five to eight times annually, with the intent of addressing the current state of the U.S. economy. Decisions are made regarding the management of the USD, including interest rate adjustments and the purchase/sale of U.S. government debt.The FOMC Meeting Minutes are a written record of the presentations and discussions of the previous FOMC meeting. They are released to the public three weeks after each scheduled meeting. Included are summaries of policy decisions, economic forecasts, and dissenting opinions of the FOMC members.FOMC minutes give active traders and investors valuable insights into the inner workings of the FED. The minutes often allude to coming policy decisions as well as the overall tone of the committee. Markets are capable of reacting unpredictably to surprise disclosures in the release, specifically USD valuations.