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According to the consensus among Wall Street economists, the Federal Reserve (Fed) is widely expected to implement a 0.25 percentage point (25 basis points) increase in the benchmark interest rate at 2:00 p.m. Eastern Time on Wednesday, July 26th. This potential move would mark the 11th and potentially final rate hike in the current tightening cycle.
Nevertheless, the prevailing sentiment on Wall Street is that Fed Chairman Jerome Powell is unlikely to explicitly acknowledge this as the last rate hike. Notably, Oscar Munoz, Chief US Macro Strategist at TD Securities, emphasized in a report to clients that while the final rate hike of this cycle is anticipated to occur in July, the central bank is not expected to signal such a shift in its policy stance.
As market participants await the outcome of the meeting, speculations are rife about the signals that may be released. To stay informed and gain insights into the Fed's decisions, don't miss the opportunity to reserve your spot for the live stream. Book now and be prepared for potential market-moving developments!
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