This article is originally referred from Fortrade News.
The December 14th announcement by the Federal Open Market Committee (FOMC) is gaining a lot of attention among traders as the Fed appears on track to raise interest rates – for the first time in nearly a decade.
Traders will be watching this event with keen interest after OPEC and non-OPEC output cut talks have sent the price of oil skyrocketing, and in light of Italy’s recent Constitutional Referendum.
As with any major market event, a rate hike will undoubtedly send shock waves around the world’s financial markets, especially in Forex and US stock markets.
If everything goes according to plan, the Federal Reserve, the central bank of the United States, will hike rates by 25 basis points. This will be followed by more monetary policy tightening; employment growth and long-term inflation measures.
Federal Reserve Open Market Committee (FOMC) policy decision, Wednesday, December 14th at 19:00 GMT.
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Original Source: Fortrade News