Federal Reserve Holds Interest Rates Steady, Dots Point to 75 bps Cuts for the Year

Wednesday, 20 March 2024, 20:07

The Federal Reserve opted to maintain interest rates unchanged, with their projections pointing towards potential cuts of 75 basis points for the year. Market reactions indicate positivity following Powell's dovish stance, leading to record highs in US stocks and a decline in the dollar. BoJ hints at rate hikes may impact USD/JPY exchange rate.
https://store.livarava.com/ce475cf2-e6f5-11ee-968c-5254a2021b2b.jpe
Federal Reserve Holds Interest Rates Steady, Dots Point to 75 bps Cuts for the Year

Forexlive Americas FX news summary

Federal Reserve Interest Rate Decision

  • Rates remained unchanged
  • FOMC dot plot shows 75 bps cuts in 2024
  • Powell's dovish stance influences market reactions

The Federal Reserve opted to leave interest rates unchanged, projecting potential 75 basis points cuts for 2024. Powell's comments on a dovish stance have led to positive market reactions, with record highs in US stocks and a weakened dollar. BoJ hints at upcoming rate hikes may impact the USD/JPY exchange rate.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe