FOMC News: Markets all over the globe are waiting for the much anticipated outcome of the Federal Open Market Committee (FOMC) meeting amid the ongoing banking crisis. However, the Federal Reserve at the moment has two goals that seem to be conflicting with each other. First is to bring down the jumping inflation and the other is to stabilize the banking sector.
Till Federal Reserve Chairman, Jerome Powell announces the rate hike decision on Wednesday, several market biggies have laid out their estimates. Read
Here are the March FOMC Fed Rate Estimates:
-JP MORGAN +25BPS HIKE
-BANK OF AMERICA +25BPS
-MORGAN STANLEY +25BPS
-CITI +25BPS
-BARCLAYS +25BPS
-DEUTSCHE BANK +25BPS
-GOLDMAN SACHS 0BPS
-WELLS FARGO 0BPS
-CREDIT SUISSE 0BPS
-NOMURA -25BPS CUT
After much increased volatility in the trading market, the biggies are weighing in for the Federal Open Market Committee (FOMC) to nod a 25 Basis point surge.
Also Read: FOMC Meeting To Intensify Bank Crisis? Bitcoin To Face Hard Time Too?
The post 25 Bps, 50 Bps Or 0; What To Expect from FOMC Meeting? How Crypto Market Will React? appeared first on CoinGape.
Source: https://coingape.com/25bps-50bps-or-0-what-to-expect-from-fomc-meeting/