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From FED official channel. 2:30 PM ET
Watch live (online) – Trading The FOMC Meeting with Valeria Bednarik(FXStreet), Mauricio Carrillo (FXStreet), Yohay Elam (ForexCrunch)
Fed FOMC interest rate decision and the press conference that Janet Yellen will offer in a live coverage with FXStreet. Valeria Bednarik, Mauricio Carrillo, Yohay Elam will provide you with clues ahead and after the decision…..See below “FOMC Press Conference LIVE“
Sep 21, 5:45 p.m. GMT
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Loading...Today’s decision isn’t unanimous! Three Federal Reserve policymakers voted to raise borrowing costs today.
They are: Kansas City Fed President Esther George, Cleveland Fed President Loretta Mester and Boston Fed President Eric Rosengren.
In today’s statement, it says:
“The case for an increase in the federal funds rate has strengthened”.
And 14 of the Fed’s 17 policymakers expect at least one hike by the end of this year.
The Federal Reserve has also cut its interest rate expectations – now only expecting 1 rate hike this year (down from two in June).
The Fed also expects rates to rise more gradually in 2017 and 2018, and cut its longer-run interest rate forecast to 2.9 percent from 3.0 percent.
But yet….the Fed said the near-term risks for the economic outlook “appear roughly balanced.”
The Federal Reserve has left interest rates unchanged at 0.25% to 0.5%.