As an analyst with over two decades of experience navigating the financial markets, I can confidently say that today’s FOMC interest rate cut decision and Jerome Powell’s speech are events that have been circled on my calendar for quite some time now. The global stocks and crypto market are hanging in the balance, eagerly awaiting these developments.
Today, the financial market is on the edge of its seat, anticipating the Federal Open Market Committee’s (FOMC) decision regarding interest rate cuts and the subsequent speech by Jerome Powell, the chairman of the US Fed. These two events hold significant influence over the trajectory of global stocks and cryptocurrencies. The US Federal Reserve meeting, which began on September 17, is set to conclude today, with the central bank revealing its decision on interest rate cuts before Powell addresses the market.
Let’s delve into the sequence of occurrences and focus areas where investors might find valuable updates.
When And Where To Watch Jerome Powell Speech Today?
Today, investors around the globe will keenly observe two significant occurrences in the financial markets: the U.S. Federal Open Market Committee (FOMC) decision and Jerome Powell’s speech. Particularly notable is that the U.S. central bank might make its first interest rate reduction since four years ago, which has been eagerly anticipated by many investors.
Today’s session of the U.S. Federal Reserve meeting commenced on Tuesday, September 17. The U.S. Federal Reserve is expected to announce its decision regarding interest rate cuts at 2:00 PM Eastern Time today. Subsequently, Chairman Jerome Powell will deliver a speech at 2:30 pm ET.
On the specified date and time, the U.S. Federal Reserve will stream the event directly on its main website. Furthermore, market analysts can catch the live streaming on alternative platforms such as YouTube as well.
Potential Impact Of The US Fed Meeting
Based on the CME FedWatch Tool’s analysis, it appears that investors are completely certain that the US Federal Reserve will make a decision to lower interest rates at today’s meeting. Interestingly, there’s about a 55% chance that the cut could be 0.5%, while the rest of the prediction suggests a more modest reduction of 0.25%.
Despite many economists stating that the market has factored in an expected interest rate reduction during the current Fed meeting, it’s important to note that the upcoming US Federal Reserve rate cut decision (the first in four years) could influence market fluctuations. Nevertheless, the impact of Jerome Powell’s speech may carry greater significance.
In simpler terms, experts believe that the way the U.S. Federal Reserve chooses to act, not just the rate cut decision itself, will significantly influence investor feelings about the market. If Fed Chair Powell adopts a more accommodating stance, it could spark a surge in the market. However, any other move could negatively affect overall market optimism.
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2024-09-18 20:07