FOMC Meeting Preview

The Federal Reserve’s highly anticipated interest rate decision is due this Wednesday, July 27.

Markets are widely expecting another 75bps rate hike this month, despite US inflation continuing to surge in June. Traders will likely also be paying close attention to Chair Powell’s press conference for indications of the central bank’s economic outlook.

Check out this article for a deeper insight into what to expect and how this week’s decision could impact the US Dollar:

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Surely they need to hike by 100bps minimum. They are already so far behind