Will The Fed Raise Interest Rates By 0.75% Or 1% At The Meeting On July 27?

The US economy has not yet escaped the wave of recession, so the FED will continue to meet to raise interest rates. After the meeting taking place on July 26-27, the official interest rate will be announced.

Will the Fed raise interest rates by 0.75%?

The results of a Reuters poll conducted from July 14 to 20 showed that 98 out of 102 economists expect the Fed to raise interest rates by 0.75% by the end of the meeting on 26/7-27/7 to about 2.25-2.5%. The interest rate decision is due July 27 at 2pm Eastern time. The remaining four said they expected a 1% increase in interest rates.

Right now, the futures market shows a high probability (80%) that the Fed will raise interest rates by 0.75% at this week’s meeting.

A strong majority expects the Fed to slow to 50 basis points in September and then raise by only 25 basis points at the November and December meetings. Those views remained largely unchanged from the last poll.

The market faces the news of interest rate hike

This week is already feeling different to last, even before events begin unfolding – Asian markets are flat in comparison to last week’s bullish tone, one which accompanied a resurgence across Bitcoin and altcoins.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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