Those who wonder what will happen with the Fed's interest rate decision in July 2022, turned their eyes to America for the meeting of the US Federal Reserve. The USA had repeatedly increased interest rates in order to cope with the inflation affecting the global markets. The FED, which broke the record in the policy rate of the last 28 years, will announce its interest rate decision for July to the world today. While examining the meeting time with the question of when and what time the FED interest rate decision will be announced, questions such as what will happen to the dollar if the FED increases the interest rate and how it will affect gold occupy the agenda of the citizens. Well, what happened to the FED's interest rate decision in July 2022, did the US Federal Reserve increase interest rates? Here is the answer to the curious ones!
The FED held its first meeting of the year on January 25 – 26, 2022. The second meeting date took place between 15 – 16 March. The third meeting was held on May 3-4. The 2022 June Fed meeting was held on 14-15 June. The FED July meeting will also take place on July 26-27. The Fed rate decision will be announced on July 27 at 21.00:XNUMX.
2022 September FED meeting date 20 – 21 September FOMC meeting (Federal Reserve Open Market Operations Committee)
The rate hikes by the Fed are not over yet. In the statements made by the authorities, the average FED fund rate expectation for the end of 2022 was 3,4 percent. The average FED fund rate expectation for the end of 2023 was 3,8 percent. A 0,50 rate hike is expected at the Fed rate meeting to be held this month.
When the US Federal Reserve raises interest rates, “investment demand” for the US dollar tends to increase as well. International investors may be inclined to convert their foreign currency holdings into US dollars, as the US dollar will offer more interest income.
As a result, the US dollar depreciates against other currencies. kazanwhile the currencies of other countries tend to depreciate.