Republic Aeon

US FOMC (Fed) Meeting 2023 Today The latest on the US Fed rate hike: The stage is set for the first meeting of the Federal Open Market Committee (FOMC), which will happen on January 31 and February 1, 2023. Stock market people all over the world are very interested in the meeting. The Fed will announce the increase in interest rates on February 1 at 2:00 PM ET, which is 12:30 AM IST on February 2. At its next meeting, the US Federal Reserve is likely to raise interest rates by a quarter point for the second time in a row. After raising interest rates by 75 basis points for four months in a row, the US Fed raised rates by only 50 basis points in December. FOMC meets at least eight times a year, and if more are needed, more can be set up. Both the European and American stock markets end down. Investors in Asia and Europe, among other places, are looking for clues about how much the Fed will raise interest rates in response to rising inflation. At the end of the day, the Stoxx 600 index for all of Europe went down by 0.2%, with most markets going down. At the end of the day, stocks in the food and beverage sector were up 0.7%, while stocks in the IT sector were down 1.7%. Both American and Asian stocks showed the same trend. Also Read : | Pathan Box Office Collection Day 8: ‘Pathan’ will not stop, record-breaking earnings continue on the 8th day, When are interest rates likely to go down? The Fed won't cut interest rates until inflation in the US is under control. To get the US Fed to lower interest rates, there should be a clear sign that the goal of 2% inflation is getting closer. Analysts think that interest rates won't go down until late 2023 or early 2024. Kavan Choksi, a successful investor, business management consultant, and wealth consultant at KC Consulting, was quoted in Financial Express as saying that the US might go into a recession in 2023 because the Fed won't cut interest rates, which could have unintended consequences for the country's skyrocketing inflation.

More Stories