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HomeMarket NewsUS Fed FOMC Meeting LIVE Updates: Dow Jones rises to record as oil ticks higher, traders await Fed rate decision
US Fed FOMC Meeting LIVE Updates: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting on Wednesday (June 17), marking the first Federal Open Market Committee (FOMC) meeting under new Chair Kevin Warsh.
US Fed FOMC Meeting LIVE Updates: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting on Wednesday (June 17), marking the first Federal Open Market Committee (FOMC) meeting under new Chair Kevin Warsh.
The FOMC decision is scheduled for 2:00 PM Eastern Time (11:30 PM IST), followed by a press conference by Fed Chair Kevin Warsh at 2:30 PM ET (12:00 AM IST on June 18).
Markets are pricing in a policy pause, with the benchmark interest rate expected to remain in the 3.5%–3.75% range.
Inflation in the US has climbed to a three-year high of 4.2%, according to government data released last week, largely driven by higher gas prices. The surge has been linked to increased energy costs following President Donald Trump's war on Iran, which pushed oil prices higher.
The Dow Jones Industrial Average reached a fresh all-time intraday record on Wednesday as oil prices rose and traders awaited the latest monetary policy decision from the Federal Reserve. The 30-stock index last traded up 180 points, or 0.4%, after hitting a new high for the third time in a row. The S&P 500 traded around the flatline, as did the Nasdaq Composite
Watch this space for all the LIVE US Fed FOMC Meeting updates.
