FOMC Might Continue Implementing Higher Interest Rates in Coming Months.

FOMC

The vice Chair of the Fed reserve, Lael Brainard, a permanent voting-member on the Federal Open Market Committee (FOMC) acknowledged that “it will probably be appropriate soon to move to a slower pace of rate increases” during an interview with Bloomberg News, but went onto say that the central bank has “additional work to do both on raising rates and sustaining restraint to bring inflation down to 2% over time.”

The comments suggests the FOMC will continue to implement higher interest rates over the coming months as the committee pursues a restrictive policy, and it remains to be seen if Chairman Jerome Powell and Co. will adjust the forward guidance at the next interest rate decision on December 14 as the central bank is slated to update the Summary of Economic Projections (SEP).

With that said, the price of oil may attempt to retrace the decline from the August high ($1808) after clearing the September high ($1735), but the RSI may offer a textbook sell signal if the oscillator falls back from overbought territory.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.