Don’t waste your time – keep track of how NFP affects the US dollar!

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The Fed: Time to Taper?

The Fed: Time to Taper?

Updated

What will happen?

The Federal Open Market Committee (the part of the Federal Reserve) will make a statement on January 26, at 21:00 GMT+2. As usual, it will contain an update on the interest rate and provide insights on the monetary policy.

Why is it important?

Right now, the market expects the first rate hike as soon as April. The Federal Reserve and the Fed Chair Jerome Powell are on the way of finding a balance between surging inflation and shaky markets. As a result, any change in Fed’s comments will impact the USD, gold, and the stock market as well.

How to trade on the Fed Interest Rate Decision?

To trade on the event, you need to wait for the livestream on the official Fed’s website and follow the updates.

  • If the Fed is hawkish, the US dollar will strengthen;
  • If the Fed is dovish, the US dollar will weaken.

Check the economic calendar

Instruments to trade: EUR/USD, GBP/USD, USD/JPY

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