AA / Istanbul
Attention is paid, on Tuesday, to the meeting of the US Federal Reserve (Fed), which should discuss the future of its monetary policy, until the next meeting on November 2.
The meeting, the results of which will be announced on Wednesday, will take place at a time when analysts anticipate the announcement of an easing of bond purchases by the Fed and begins to tighten its monetary policy (resumption of hikes in interest rate) over the coming period.
Currently, US federal funds interest rates are 0% to 0.25%.
In March 2020, the US Federal Reserve held two meetings in the space of a few days, during which it cut interest rates by 1.25% to the current range, to deal with the economic, financial and economic repercussions. monetary policy from the coronavirus pandemic.
The US dollar index has anticipated the Federal Reserve meeting since trading last Wednesday and posted consecutive gains, standing today at 93.177 points, a rate unchanged since Monday’s session.
Gold prices have fallen 2.2%, or $ 40, to $ 1,760 an ounce, since trading last Thursday, affected by forecasts of an early easing of bond purchases and the emergence of positive indicators in favor of the local economy.
The Federal Open Market Committee in the United States is trying to achieve a maximum employment and inflation rate of 2% over the long term. He hopes to maintain an adequate monetary policy stance, until these results are achieved.
* Translated from Arabic by Mounir Bennour.
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