FOMC meeting on Wednesday, whether to raise interest rates by 0 or 25 basis points❓❓
A series of economic data and central bank meetings this week are expected to bring some stimulus and activity to the market before the official start of the summer vacation. The UK unemployment rate and US CPI will be announced on Tuesday. The FOMC meeting will debut on Wednesday, with the People's Bank of China and the European Central Bank interest rate decisions. It will end the week on Thursday, followed by the Bank of Japan's interest rate decision on Friday.
The FOMC's decision will be the most difficult. The current market forecast of a chance of raising interest rates in June is about 30%. Therefore, whether it is an interest rate change of 0 or 25 basis points, it should cause some market fluctuations, especially depending on the press conference after the statement is released. Message from the Fed.