Forecast and levels for Dow Jones Industrial Average - page 7

 

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Press review

Sergey Golubev, 2023.12.14 02:54

Intra-Day Fundamentals - GBP/USD, Brent Crude Oil and Dow Jones Industrial Average: Federal Funds Rate and FOMC Statement

2023-12-13 19:00 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 official report :

"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy."

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

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

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Brent Crude Oil: range price movement by  Federal Funds Rate news events

Brent Crude Oil: range price movement by  Federal Funds Rate news events

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Dow Jones: range price movement by  Federal Funds Rate news events

Dow Jones: range price movement by  Federal Funds Rate news events

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Chart was made on MT5 with the following indicators from CodeBase:


Reason: