The Federal Open Market Committee’s third summit of the year reached its conclusion yesterday followed by a press conference by Fed Chair, Powell. The decision could provide valuable insight into the state of the world’s biggest economy.
Yesterday, the minutes from the Federal Reserve’s most recent meeting were released. This may have given traders some clarity about the Fed’s decision-making process and the state of the U.S. economy.
Tomorrow, the United States’ latest CPI numbers will show how prices shifted over the course of August. While a decline seems to be in the cards, many don’t expect the Fed to let up just yet.
Today, markets in East Asia have been on a downtrend. Indications that U.S. interest rates could continue to be hiked may be the cause.
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