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FED Rate Decision

The Federal Reserve cut interest rates

The Fed announced its monetary policy decision at 18:00 GMT on September 18. Jerome Powell held a press conference at 18:30 GMT.

Market news:

After a two-day policy meeting, it is widely expected that the Fed will cut the federal funds rate by 25 basis points to 1.75-2.00%. This will be the second rate cut since the 2008 financial crisis. If the central bank delivers as expected, it will pay close attention to the statement.

Also, according to Powell's words to find clues about the future monetary policy path, people can forecast how the "mid-term cycle adjustment" will continue

At the same time, a few hours after the resolution of the meeting, the attack on the Saudi oil facility pushed oil prices up and then fell sharply,which exacerbated geopolitical problems. Another incident is the rise in interest rates in the US money market. The repo rate soared to 10%, and the Federal Reserve Bank of New York responded with a repurchase auction and received $75 billion, an action that has not been used on a large scale since 2008.

Market trend

After the interest rate decision was published, the spot gold short-term fell below 1,500 US dollars/ounce

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