Find out when the next interest rate cut is projected and the dates of the next US Federal Open Market Committee (Fed) meeting in 2023

Sarah Joseph
Sarah Joseph
3 Min Read
Us Fomc

The most recent information regarding the US Federal Reserve’s planned rate increase: All is in place for the first meeting of the Federal Open Market Committee (FOMC) on January 31 and February 1, 2023. People all across the world who trade stocks will be paying close attention to this gathering.

On February 1 at 2:00 PM ET, or 12:30 AM on February 2 as per IST, the Fed will declare whether or not it will be raising interest rates. The Federal Reserve of the United States is widely anticipated to raise interest rates for a second consecutive meeting.

After four consecutive rate hikes of 75 basis points, the Federal Reserve of the United States settled for a modest 50 basis point increase in interest rates in December. There are a minimum of eight scheduled meetings each year for the FOMC, with additional sessions scheduled if needed.

Us Fomc (Fed) Meeting 2023 Today: Check Time &Amp; Expected Hike; Know When Interest  Rate Cuts Are Expected - Business &Amp; Economy News

The OECD and NASDAQ both ended with losses.

Traders and investors in Asia and Europe are among those waiting for clues about the Federal Reserve’s plans to raise interest rates in response to growing inflation. At market close, most industry sectors were trading lower, and the European Stoxx 600 index as a whole fell 0.2%.

Equities in the food and beverage industry ended the day 0.7% higher, while IT stocks dropped 1.7%. The stock markets in the United States and Asia both followed the same pattern.

The Fed - May 3-4, 2022 Fomc Meeting

When may we anticipate a decrease in the current interest rate?

Until inflation in the United States is brought under control, the Federal Reserve is unlikely to reduce interest rates. A significant step closer to the 2% inflation target is needed to convince the US Federal Reserve to lower interest rates.

Interest rate reduction, according to analysts, won’t be possible until the fourth quarter of 2023 or the first quarter of 2024. Kavan Choksi, a successful investor, business management and wealth consultant at KC Consulting, was quoted in Financial Express as saying that the United States could enter a recession in 2023 if the Federal Reserve does not cut interest rates, which could have unintended consequences given the country’s rapidly rising inflation.

Hi, fellow readers! So glad you found my little writing nook on the internet. I am a freelance writer, occasionally moonlighting as a digital marketer as well. I love to read, mostly focusing on high-fantasy and thrillers. Here, on Geekybar, I share my thoughts and views on breaking and recent news form all around the world. Oh, and I LOVE covering all the celeb gossips so stick around for some really interesting stuff!
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