Economic Calendar – Fed Decision in Focus, Rate Cut Expectations Scaled Back
The main event today — and of the entire week — will be the US Federal Reserve’s interest rate decision. Ahead of the Fed announcement, markets will also see the Bank of Canada’s policy decision. Investors will additionally be watching earnings from key Big Tech companies after today’s US session closes.
Fed expectations:
- Markets are pricing in virtually no chance of a rate cut at today’s meeting — just 2.8% for a reduction.
- The first cut is now expected only in July. Markets also no longer see two cuts this year, in line with the dot plot presented in December.
- Given the current state of the economy, there is room for a hawkish hold, with no clear guidance on when the Fed might return to easing.
Amid ongoing geopolitical turbulence, Chair Jerome Powell’s press conference could prove especially important. The decision itself is fully priced in — the market narrative will largely depend on Powell’s tone. The Bank of Canada is also expected to keep rates unchanged at 2.25%.
Detailed calendar for the day:
- 02:45 PM GMT – BoC interest rate decision
- 03:30 PM GMT – BoC press conference
- 03:30 PM GMT – US DoE weekly crude oil inventories
- 07:00 PM GMT – Fed interest rate decision
- 07:30 PM GMT – Fed press conference
- After the US session – Microsoft, Tesla, Meta Platforms earnings
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
