Decision Day for the Fed 🗽

Will yesterday's data throw off the USD's plan?

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Will yesterday’s data throw off the USD’s plan? The Dollar’s Data Surprise Hello Phan, The US Federal Reserve will update economic and interest rate projections today at 7:00 pm (GMT). Interestingly, the markets seem to be acting like rate cuts are baked in, but the Fed said they are data dependent. And yesterday’s US inflation data showed consumer prices unexpectedly rising in November. This could cause the Fed to change course. Let’s put it this way: even if the Fed hints at a hold on rate cuts, the dollar could rise in response. Do you think it will? Trade Now ** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice. Our Latest Achievements Trading, CFDs, Spread-betting & Options carry risk and could result in the loss of your capital AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Markets Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574). Read AvaTrade risk disclosure before trading Forex, CFD’s, Spread-betting or FX Options. Forex/CFD, Spread-betting & FX Options trading involves substantial risk of loss and is not suitable for all investors. Copyright © 2007-2023 AVA Trade Markets Ltd. All rights reserved.

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