US Fed Meeting Live Updates: FOMC may hold interest rates as Powell to likely deliver hawkish policy amid high inflation
US Fed Meeting Live: Fed likely to deliver a “Hawkish Pause”, says Motilal Oswal Financial Services
Today, the Federal Reserve is expected to keep rates unchanged and will continue to roll-off its $8.1 trillion balance sheet. The central bank will continue to allow up to $60 billion in Treasury securities and $35 billion in agency mortgage-backed securities (MBS) to mature and roll off its balance sheet per month, said the brokerage.
US Fed Meeting Live: Sensex, Nifty settle lower ahead of US Fed outcome
Sensex and Nifty settled with losses on Wednesday, September 20, extending the decline into the second consecutive session amid mixed global cues ahead of the US Fed policy outcome.
Sensex closed with a loss of 796 points, or 1.18 per cent, at 66,800.84 while the Nifty ended below the 20,000 mark at 19,901.40, down 232 points, or 1.15 per cent.
US Fed Meeting Live: Fed outcome at 11:30 pm today
The outcome of the US FOMC meeting for September 2023 will be crucial in determining the benchmark lending rates in the US. The meeting outcome is set to be released on September 20, at 2 pm Eastern Time, or 11:30 pm Indian Standard Time
US Fed Meeting Live: How will the US Fed interest rate decision impact the stock market?
The market might have discounted the possibility of a pause by the Fed in September. So, the market may not react to the move. However, the Fed Chair’s commentary on the inflation trajectory and growth will be closely observed by the markets.
“Investors will analyse the outcome and the accompanying comments for hints about the probable timing of the rate hike cycle and the Fed’s view on the job markets, inflation and economic growth,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
Jasani said global markets, including India, are expecting the US Fed to maintain rates at their September 19-20 meet and hence if it comes true, by itself it may not impact their trajectory. However in case there is any surprise (positive or negative) in the Fed’s commentary, then it could have an impact on Indian markets, though less than that in other developed economies. Read here
US Fed Meeting Live: What would be the US Fed rate decision today?
The US Federal Reserve is widely expected to keep its current interest rates unchanged during the meeting on September 19-20 despite persistent inflation levels exceeding the central bank’s target range while the US economy remains resilient. The US Fed has been raising rates since March 2022 and this could be the second time since then that the Fed may maintain a pause on interest rate hikes. While a pause seems highly likely, the possibility of a rate cut is extremely feeble at this juncture.
Markets across the globe will closely watch what the US Fed Chairman Jerome Powell says about inflation and the US economy.
US Fed Meeting Live: FOMC to announce interest rate decision today
The US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) will announce its September monetary policy decision today. The two-day FOMC meeting began on September 19 and will end today.
