{"id":71998,"date":"2023-11-01T11:36:33","date_gmt":"2023-11-01T09:36:33","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=71998"},"modified":"2025-12-01T14:12:37","modified_gmt":"2025-12-01T12:12:37","slug":"the-feds-interest-rate-decision-is-due-out-later-on-today","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/vi\/the-feds-interest-rate-decision-is-due-out-later-on-today\/","title":{"rendered":"The Fed\u2019s interest rate decision is due out later on today"},"content":{"rendered":"

The Fed\u2019s interest rate decision is due out later on today, with the majority of market participants anticipating the Fed\u2019s to remain on pause. Over in Europe, the Eurozone\u2019s Preliminary CPI rates came in lower than expected, potentially indicative of easing inflationary pressures on the Eurozone. Yet it appears that the easing inflationary pressures came at the cost of the Eurozone\u2019s economic growth, as the Preliminary GDP rates for Q3 came in lower than expected and on a QoQ basis turned negative, implying a contraction. Furthermore, it appears that the rates were received with mixed opinions by ECB policymakers, with Vice President DeGuindos stating that the inflation numbers were \u201cgood news\u201d whilst ECB\u2019s Nagel stated that \u201cinflation has proven stubborn and has not yet been defeated\u201d. Over in Asia, the Vice Finance Minister for Japan implied that the bank may be preparing to intervene in the currency markets in order to protect the JPY. As such, in the event of a government intervention, we may see the Yen gaining against its counterparts. China\u2019s Caixin Manufacturing PMI for October came in at 49.5, implying that the Chinese manufacturing economy contracted during the month of October. The continued deterioration in the Chinese economy is concerning in our opinion, as the apparent lack of progress since re-opening in January may be weighing down on the economy and as such could have implications on a more global scale, given China\u2019s status as a global economic powerhouse. Furthermore, on a geopolitical note, we would like to highlight the statement made by US Defence Secretary Austin, that should attacks on US forces continue and do not stop \u201cwe will respond\u201d, implying potential military action by the US in the Middle East which could further destabilize the region and may indirectly reinforce attention on the Fed’s interest on upcoming policy stance.<\/p>\n\n\n\n

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