GT247.com Trading Blog

Focus on the Federal Reserve meeting

Written by Odwa Magwentshu | 02 May 2018

The focus for today’s trading day is the FOMC statement, which has investors glued  to the outcomes and whether the policy makers will raise the interest rates another three times this year. The consensus at the moment is that the Federal reserve will keep the interest rates unchanged for the time being as there is political uncertainty and waiting for the impacts to the economy of the Tax cuts that were implemented. The results will be released at 20:00 local time.

 

All this and more in our morning market podcast: