Forecast and levels for CAC 40 - page 4

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Sergey Golubev 2024.03.21 06:22 #31

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Press review

Sergey Golubev, 2024.03.21 07:16

Intra-Day Fundamentals - EUR/USD, USD/CNH and CAC 40: Federal Funds Rate and FOMC Statement

2023-03-20 18:00 GMT | [USD - Federal Funds Rate]

past data is 5.50%
forecast data is 5.50%
actual data is 5.50% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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From rttnews article :

"The Federal Reserve announced its widely expected decision to leave interest rates unchanged on Wednesday, although the central bank's forecasts suggests rate cuts are still likely later this year".

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EUR/USD: range price movement by Federal Funds Rate news events