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26 January 2024,02:18

Weekly Outlook

Anticipated Fed Interest Rate Decision

26 January 2024, 02:18

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Wednesday, 31 Jan,21:00 – US Fed Interest Rate Decision

Economists suggest the U.S. Federal Reserve may delay interest rate cuts until the second quarter, with June more likely than May. This adjustment follows comments from Fed Chair Jerome Powell last month, initially shifting expectations to March.

Thursday, 1 Feb,14:00 – BoE Interest Rate Decision 

The Bank of England is anticipated to cautiously consider lowering interest rates from their nearly 16-year high next week, given signs of easing inflation. While economists don’t foresee a rate cut on Feb. 1, a slight majority expects one before mid-2024.

Friday, 2 Feb,15:30 – US Nonfarm Payrolls 

In December, US NFPincreased by 216,000, surpassing the market expectation of 170,000. The US labor market data holds significant importance in shaping the interest rate projections of the Fed. Traders are advised to anticipate the upcoming results.

Friday, 2 Feb,15:30 – US Unemployment Rate 

The latest unemployment rate held steady at 3.7 percent. However, a recent report from the Bureau of Labor Statistics indicated that unemployment rates rose in 15 US states in December. The final disclosure of the US unemployment rate is eagerly awaited.

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