31 July 2018
the FOMC (Federal Open Market Committee) holds eight regularly scheduled meetings during the year and announces US Federal Reserve’s decision on interest rates.
The next Fed interest rate decision announcement is scheduled on this Wednesday, August 1st at 6pm GMT and is likely to cause high volatility on market.
Leading FreshForex analyst has commented on it as follows:
"The next Fed interest rate decision announcement is scheduled on this Wednesday, August 1st at 9pm GMT. All traders' attention will be focused on the two-day fed meeting. Rates are expected to remain in the range of 1.75-2%. Experts predict the nearest growth of rates in September and December this year. The uncertainty of the mutual trade relations between the US and China, the lack of clear conclusions on monetary policy, the sharp remarks of US President Donald Trump promise strong volatility at the market in the near future. The fed's decision will be published at 9pm GMT on August 1."
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