The U.S. Federal Reserve is scheduled to hold a Federal Open Market Committee, or FOMC, meeting on Oct. 28 Eastern Time, which falls on Oct. 29 in Beijing time, according to a Techub News brief citing CoinPedia. The item says the central bank is facing a difficult policy decision as inflation rises and energy prices move higher. Even so, market expectations are centered on the Fed leaving interest rates unchanged at this meeting. Attention is also likely to fall on comments from Federal Reserve Chair Kevin Warsh, which the report says will be closely watched for clues on the direction of future rate decisions. The update does not provide a projected rate path or any additional policy details beyond that expectation.
The U.S. Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting on Oct. 28 Eastern Time, or Oct. 29 Beijing time, according to Techub News, citing CoinPedia.
The brief says the Fed is facing a difficult decision as inflation rises and energy prices increase. Market expectations, however, are for the central bank to keep interest rates unchanged.
Comments from Federal Reserve Chair Kevin Warsh will also be watched closely for signals on future rate decisions.
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