Market Reviews

Main economic events of the day



09:00 AM EET – Interest rate decision in America.

10:30 AM EET – FOMC press conference

One of the most important events in the financial world that will take place this week. Taking into account the latest data on inflation, which the American regulator has successfully managed to curb, its growth has declined like an avalanche. However, the labor market remains strong and the Fed is likely to fear that consumer demand and strong economic growth could push inflation back up. We expect that the interest rate will be left unchanged, and Jerome Powell at a press conference will give a clear plan to reduce it for 2024. In this regard, a short-term weakening of the dollar is expected against the leading basket of world currencies.

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