Fed Decision, Powell’s Speech Timing; Investing.com Rate Hike Forecasts

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Fed Decision, Powell’s Speech Timing; Investing.com Rate Hike Forecasts
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The US Federal Reserve will announce the decision of its two-day Federal Open Market Committee (FOMC) policy meet on Wednesday, commencing on March 21, 2023.

The Fed’s rate hike decision will release at 11:30 pm (Indian Standard Time) or 2 pm (EDT) in Washington on March 22, 2023, while Fed Chair Jerome Powell will convene a press conference 30 minutes later, commenting upon the economy and indications of the central bank’s stance in tackling the banking turmoil, while balancing inflation.

Market participants and economists largely expect the Fed to raise interest rates by 25 basis points, while a set of analysts also peg the central bank to leave the policy rate unchanged.

According to the Investing.com Fed Rate Monitor Tool, there is an 85.6% likelihood of a quarter-point rise of 4.75-5%.

The markets had affirmed an outlook of a 50 bps rate hike earlier, given the strong jobs market in the US.

However, the recent banking crisis has eased the likelihood of a 25 bps rate hike in the 2-day monetary policy meeting in March, also as US CPI inflation cooled to 6% YoY in Feb 2023 from 6.4% in Jan.

Read Also: US Fed Policy Meet This Week: 25 or 50 Bps Rate Hike Forecasts Below

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  • Atul Ingawale @Atul Ingawale
    I agri
    Like 0
  • Shailja Kumari @Shailja Kumari
    no rate hike
    Like 0
  • Ajay Bansal @Ajay Bansal
    25 bsp
    Like 0
  • Ashish Singh @Ashish Singh
    25 bsp hike
    Like 2
    • Dinesh Chauhan @Dinesh Chauhan
      @Ashish Singh Fed will skip rate hike in this meet
      Like 2

      • Comment Guidelines

      We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

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