A state of anticipation dominated the global economic sector, in conjunction with the issuance of the US Federal Reserve’s decision today, Wednesday, December 14, 2022, and the final position on the interest rate.
The US continues to pursue monetary policy that seeks to control inflation as inflation remains well above the Fed’s target, while the PCE price index has been declining in recent months.
Today’s Federal Reserve meeting
Today’s meeting of the US Federal Reserve was preceded by expectations regarding the issuance of a decision on the interest rate and monetary policy during the coming period, as expectations indicated that the US Federal Reserve’s decision today will be by slowing the rate of interest rate increases by raising them by 50 basis points.
Figures related to the inflation rate in the United States of America yesterday evening, Tuesday, that is, hours before the US Federal Reserve meeting, showed a rise in the US consumer price index in November by 7.1%, compared to October, which recorded 7.7%, which was lower than the previous month. Analysts’ expectations, which amounted to 7.3%.
A research note issued by the American investment company “BlackRock” agreed with this, as the company’s analysts confirmed that the central bank is expected to maintain high interest rates in its decision, in order to deal with the state of recession and high inflation rates, even if they are slowing down.
This comes at a time when the price of the futures contract in the United States of America recorded a value of 95.893, according to the indicators of the “Investing” website, which specializes in monitoring financial and commodity markets in the United States.
Today’s Federal Reserve decision
The US Federal Reserve has not yet issued a decision today, which is expected to be issued within the next few hours, after the end of the meeting after studying all the latest indicators of the US domestic economy, and the decision will be published as soon as it is issued.