Today at 14:00 Eastern Time, the decision of the US Federal Reserve will be published regarding interest rates in the country. Prevailing expectations heading into today's meeting are that the US Federal Reserve will raise interest rates by 25 basis points to 5.00%.
The Fed's press conference, which will begin at 2:30 PM ET, is awaited with heightened interest. The latest economic data showed a slight slowdown in inflation in the country. In this regard, investors await the comments of Federal Reserve Chairman Jerome Powell regarding the bank's future actions regarding changes in interest rates and monetary policy. Investors are also waiting for Powell's comments on the latest developments surrounding the bankruptcy of Silicon Valley Bank.