Fed is expected to raise interest rates by 0.75% on 2nd Nov.
On November 2, the Fed is expected to raise interest rates by 0.75%.
On November 2, U.S. time, the Federal Reserve (FED) will make a resolution statement. The Fed is widely expected to announce another 0.75% interest rate hike. The federal base interest rate in the United States will be in the target range of 3.75% to 4.00% at that time.
Many central banks will declare interest rates in the coming week. On October 27, the European Central Bank will declare whether or not to hike interest rates. Experts predict that interest rates will be raised by 0.75%, bringing the rate to 2.00%. On October 28, the Bank of Japan will publish its interest rate policy.
The Bank of England’s interest rate policy will be announced on November 3, the Reserve Bank of Australia’s policy will be announced on November 1, and the Bank of Canada’s policy will be announced on October 26.
Bank Negara Malaysia will also announce whether or not to raise the overnight policy rate on November 3. (OPR). Most experts expect that Bank Negara would pause interest rate hikes for the time being. First, our country is in an election season, and second, our country’s inflation rate fell marginally last month.
However, if Bank Negara suspends interest rate hikes, the ringgit will almost certainly decline more. At the moment, one US dollar is worth 4.74 ringgits, while one Singapore dollar is worth 3.34 ringgits.
