How inflationary are tariffs? Where will interest rates go next? The Fedis set to cut rates by 25bps, amid uncertainty about Trump's policies. The press conference with Chair Powell will be interesting. Live coverage from 18:30 GMT. Join FXStreet Premium to ask our analysts questions live, read actionable insights and get Gold and signal alerts. Fed set to dodge political questions, rock markets anyway President-elect Donald Trump vowed to raise tariffs and deport illegal immigrants.
Fed Chair Jerome Powell will also address the recent jobs report, which was depressing, but skewed by hurricanes. Questions about the bump up in inflation will also be of interest. All in all, the path of the next rate moves is highly uncertain, and markets will cling to any clues to asseess where things are going and how to react. Gold and Stocks needs lower rates to shine, the US Dollar would benefit from a more hawkish stance.