US Federal Reserve publishes Fed Funds Rate

Source: Dukascopy Bank SA


The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected.

Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that there are no expectations of Fed Funds Rate cut. The only way the policymakers would ease the rate would, if something breaks. Namely, unemployment bounces above 4.0% or the banking sector crashes.

These comments caused a surge of the US Dollar that beat down the stock market. However, by mid-Thursday, a recovery was taking place in the market.
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