Sep 16, 2020, 7:00:00 PM

Fed Interest Rate Decision. United States, 20:00 (GMT+2)

At 20:00 (GMT+2), the US Federal Reserve's decision on the interest rate will be announced, followed by a press conference. The interest rate affects the rates of commercial banks and other financial institutions, as well as the exchange rate of the US dollar. If the Fed raises rates, it indicates its hawkish view of inflation and strengthens the USD. The rate cut is regarded as a sign of economic and price risks; therefore, it is accompanied by a weakening of the currency. If the rate remains unchanged, the markets' attention turns to the FOMC statement and its rhetoric on inflation.