The US Federal Reserve will announce its Interest Rate Decision on Wednesday, September 20 at 18:00 GMT and as we get closer to the release time, here
unchanged at 5.25%-5.50% and signal a hike in November. New macro forecasts and Dot Plots will be released. Chair Powell is set to start his press conference at 18:30 GMT.We expect the FOMC will keep rates steady and maintain its tightening bias. There is evidence that both inflation and labour market pressures are easing, but considerable further progress is needed. We expect the FOMC will revise up its 2023 and 2024 GDP forecasts.
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