Abstract:The Federal Reserve announced that it’s raising interest rates 0.75 percentage points, following its July 26-27 meeting, bumping the federal funds rate to a target range of 2.25 to 2.50 percent.
The Federal Reserve announced that its raising interest rates 0.75 percentage points, following its July 26-27 meeting, bumping the federal funds rate to a target range of 2.25 to 2.50 percent. The move follows an increase of 75 basis points in June, as the Fed rapidly reduces liquidity to the financial markets to help tamp down soaring inflation.
Recall that, on 27th the day of an important economical event — the meeting of the Federal Reserve System of the USA. And as started earlier that, the decision on the interest rates will define the further course of the market and that is exactly what traders are looking out for. And finally the result of the meeting was released.
As of before the meeting, What will be the focus by the time, as said by some of our expert:
The Feds may rise the interest rate by 0.75% and will point out the neccessity of further increase at the next meetings this year due to strong inflation, which is now at a 40-year high in the US. On Wednesday consider selling EURUSD, AUDUSD, #SP500, #NQ100.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.