US Federal Reserve December Meet: See date, timing, and schedule details here

livemint.com:

Federal Reserve's (US Fed) two-day monetary policy meeting is being held from December 12-13 (Eastern Standard Time - EST). And on Wednesday (EST) Fed Chair Jerome Powell will announce the central bank's rate decision in a press conference. Known as the Federal Open Market Committee's meeting (FOMC Meeting), the rate announcement will be at 2 pm (EST) on December 13 (12.30 am IST on December 14).

Besides the interest rate decision, Powell is also expected to release the central bank's economic projections for the US. FOMC Schedule: December 12 to December 13, 2023 Date & Timing: 2 pm on December 13 (12.30 am IST on December 14) Where to watch: You can watch the announcement live on the Fed's website or YouTube channel The Fed is likely to maintain its main rate steady for the third time in a row, AP reported, adding that the central bank has consistently increased rates in 2022 and 2023, reaching the highest levels in 20 years. According to the CME FedWatch Tool, most Wall Street traders expect the Fed to leave rates unchanged at 5.25-5.50 percent, while anticipating a 77 percent chance of a rate cut during the May 2024 meeting, Reuters reported.

Analysts are feeling more positive about the chance of the central bank achieving a “soft landing", the AP report added. This means inflation could ease while high-interest rates prevent the US economy from entering a recession. “With inflation coming down faster than expected, it now appears likely that the Fed will refrain from additional rate hikes.