Forecast and levels for Dax Index - page 8

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Sergey Golubev 2023.02.02 08:35 #71

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Press review

Sergey Golubev, 2023.02.02 09:20

Intra-Day Fundamentals - GBP/USD, GOLD (XAU/USD) and Dax Index: Fed Interest Rate Decision and FOMC Statement

2023-02-01 19:00 GMT | [USD - Fed Interest Rate Decision]

past data is 4.50%
forecast data is 4.75%
actual data is 4.75% according to the latest press release

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

[USD - Fed Interest Rate Decision] = 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 on Wednesday announced its widely anticipated decision to raise interest rates by another quarter point. After a two-day meeting, the Fed said it has decided to raise the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent. The Fed also said it anticipates ongoing increases in interest rates will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time."

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GBP/USD: range price movement by Fed Interest Rate Decision news events