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US Fed Meeting: US Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation, is a big financial event, not just for the America but for the entire world as well because its impact is clearly seen on various financial markets.
Money markets are placing bets that the Fed will raise rates by 75 basis points (bps), with an outside chance of a larger 100 bps hike.
Here is all you need to know – Date, US time, Indian time, FOMC schedule, outcome – Check all details here
US TIME: 2:30 p.m ET 27th July – Press Conference
Indian TIME: 12 AM IST – 28th July – Press Conference
FOMC Meeting Schedule: Two-day meeting, July 26-27
Outcome will be LIVE on https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
“Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://federalreserve.gov,” https://twitter.com/federalreserve tweeted.
Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/1uJrua5qsH pic.twitter.com/9MD80AjdGv
— Federal Reserve (@federalreserve) July 26, 2022
Watch live July 27 2:30 p.m. ET FOMC Press Conference on https://www.youtube.com/federalreserve
FOMC
-The Federal Open Market Committee (FOMC) consists of twelve members.
-The seven members of the Board of Governors of the Federal Reserve System
-The president of the Federal Reserve Bank of New York
– and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.
-The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed.
-The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
-Committee membership changes at the first regularly scheduled meeting of the year.
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