WATCH LIVE: FOMC Press Conference | July 26, 2023

At the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, the Federal Reserve is poised to increase the fed funds rate by 25 basis points, pushing borrowing costs to 5.25-5.5%, the highest since February 2001. While the market shows strong conviction in this rate hike, economists still hold differing views on whether this will mark the end of the current rate-hiking cycle. After it dropped to 3% year-on-year in June, the lowest level since March 2021, inflation remains a pivotal factor in shaping the Fed’s next decisions. Investors are eagerly awaiting the Federal Reserve’s perspective on inflation in the coming months, as they seek insights into the likelihood and pace of a return to the 2% target. https://www.benzinga.com/topic/fomc ----------------------------------------------------------------------------------------- Check out www.benzinga.com for complete coverage along with all the latest financial news and data! Follow us Online! 📸Instagram: www.instagram.com/benzinga 👍Facebook: www.facebook.com/Benzinga 📱TikTok: www.tiktok.com/@benzinga 🐤Twitter: twitter.com/Benzinga Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #Benzinga #FOMC #JeromePowell