The FED’s Decision is Just Minutes Away: Here is the Decision Time and Expectations According to the Latest Data
The FED's eagerly awaited decision is now just minutes away. So, what are the expectations according to the latest data?
There are only minutes left until the FED's announcement, which will perhaps be the most important interest rate decision of 2024 and will start the interest rate reduction cycle.
The decision will be announced at 21:00 Türkiye time (UTC+3) and a dot plot will also be published, which will be followed with interest.
At 21:30, FED Chairman Jerome Powell will hold a press conference that will be broadcast live, and it is worth remembering that this meeting is at least as important as the interest rate decision.
According to the latest updated data, users on Polymarkets expect the FED to announce a 25 basis point cut with a 56% probability and a 50 basis point cut with a 43% probability. On the other hand, interestingly, the probability of interest rates remaining constant is shown as 1%.
According to the latest data from CME's Fedwatch tool, the probability of the Fed cutting by 25 basis points is shown as 46%, and the probability of a 50 basis point cut is shown as 54%.
The Bitcoin price has been rising in the last 24 hours before the decision, which is also closely followed by the cryptocurrency market.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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