FOMC rate decision expected to rise towards to, or at 2% from 1.75% previously. It will be interesting to see the statement and the comments from the Press Conference held 20:30 CEST, and to see how the new Fed Chairman Powell will cope with the challenges of the biggest economy in the world. Be aware of high volatility, sudden unexpected moves and adjust your risk properly.
About the statement
The Federal Reserve's objective for open market operations has variedover the years. During the 1980s, the focus gradually shifted toward attaining aspecified level of the federal funds rate, a process that was largely completeby the end of the decade. Beginning in 1994, the FOMC began announcing changesin its policy stance, and in 1995 it began to explicitly state its target levelfor the federal funds rate. Since February 2000, the statement issued by theFOMC shortly after each of its meetings usually has included the Committee'sassessment of the risks to the attainment of its long-run goals of pricestability and sustainable economic growth.
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