The Fed Meeting Is in the Focus of Attention

The US dollar fell slightly against the basket of major currencies before the Fed meeting. Today, at the end of the meeting, the regulator will publish a decision on the interest rate. Financial market participants expect that the Fed will raise the interest rate by 25 basis points to 2-2.25% per annum. Also, investors expect any signs of a further increase in the rate. The US dollar index (#DX) closed in the negative zone (-0.07%).

Yesterday, CB consumer confidence index was also published in the US, which counted to 138.4 in September and was better than the forecasted value of 132.2. This is the maximum value for the last 18 years, which indicates the economic growth in the country. Today, we recommend paying attention to the US news feed.

The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $72.15 per barrel. At 17:30 (GMT+3:00) a report on crude oil inventories will be published.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.09%), #DIA (-0.26%), #QQQ (+0.14%).

At the moment, the 10-year US government bonds yield is at the level of 3.09-3.10%.

- New home sales in the US at 17:00 (GMT+3:00);
- Fed interest rate decision at 21:00 (GMT+3:00).

by JustMarkets, 2018.09.26

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.