US Fed Meeting Live Updates: Countdown begins as hours left for big announcements; Press Conference
2023-04-18 07:01:36
US Fed Meeting Live Updates: The July Federal Open Market Committee of the US Federal Reserve begins today. The outcome of the two-day meeting will be announced late on Wednesday by Chairman Jerome Powell. The meeting begins at 11:30 pm India time (2 PM Washington, DC).
The US Federal Reserve has already hiked interest rates by 150 bps in 2022 and is expected to raise rates by another 200 bps during the remaining months of 2022, IANS reported. Cumulatively, this would be tantamount to about 350 bps rate hike during 2022, making it the most aggressive rate hike cycle, Acuite Ratings said in a report, this treport said.
