The countdown to the US central bank and the Fed’s interest rate decision has begun. The conference, which will take place later this month, will influence the course of global markets. Before the crucial meeting, many began to wonder, “When will the 2022 FED interest rate decision be released, and what month will the meeting be held?” The group, which meets eight times a year, will convene for the second time this month. So, when will the Fed’s rate decision be released during the March meeting of the US central bank? Here’s all you need to know about the subject…
The Federal Reserve’s interest rate announcement was one of the week’s most anticipated events in global markets. While the US Federal Reserve prepares for its second meeting of the year, Jerome Powell’s remark following the meeting is highly expected. Nonetheless, questions such as “When will the FED’s interest rate decision be published, and when will the meeting be held?” began to surface. In recent statements, it has been claimed that a decision to raise interest rates will be taken. So, when will the Fed’s rate decision be released during the March meeting of the US central bank? Here are the specifics…
IS THE FED’S INTEREST DECISION OUT?
Following the meeting, the Fed’s rate decision will be made public. The meeting will be conducted on March 15th and 16th.
While global stock markets were uneven due to the heightened uncertainty caused by the Russia-Ukraine conflict, all eyes were on the interest rates of the world’s central banks, particularly the Federal Reserve Bank of the United States (Fed), with the news from the Russia-Ukraine war expected next week.
ALL EYES ARE ON THE MEETING!
While the geopolitical concerns that arose as a result of the Russia-Ukraine conflict dominated asset pricing this week, developments on the issue remain significant.
With the United States prohibiting Russian oil and oil products, the price of Brent oil per barrel in April futures contracts soared to the highest level in 14 years, at 139.1 dollars, however oil restored its gains as attempts to resolve the matter through diplomacy were taken.
The announcement that the United Arab Emirates (UAE), Iran, and Venezuela will contribute to supplies also contributed to the drop in oil prices. The Russia-Ukraine-Turkey trilateral foreign ministers met in Antalya this week, mediated by Turkey, but no tangible outcomes could be reached.
While corporations throughout the world continue to engage in anti-Russian sanctions, it has been reported that the number of companies that have abandoned their partnerships in Russia and ceased commercial activity has surpassed 150.
McDonald’s, Starbucks, Coca-Cola, Pepsi, Nestle, Philip Morris, Sony, and JP Morgan Chase are among the corporations that have declared the cessation of their commercial activity in the nation.
While the Russian stock exchange was closed this week, Russia stated that it has barred the export of certain items under sanctions until the end of 2022.
Analysts noted that the Russia-Ukraine war was the primary cause of increasing volatility in commodity prices, and that the developments on the issue put the world economy in a tough situation with significant inflation concerns.
Analysts noted that while the Russia-Ukraine war is anticipated to continue to have an influence on asset prices, the Fed’s interest rate decision, which will be released next week, has shifted investors’ attention.
While the Fed is likely to raise interest rates for the first time since November 2018 at this meeting, the decision is projected to be 25 basis points in magnitude.
Analysts believe that the interest rate decision will provide hints for future monetary policy in the language of the decision as well as verbal commentary from Fed Chairman Powell.
– Commodity prices have reverted to pre-recession levels.
Commodities price fluctuations continued this week, as the Russia-Ukraine conflict disrupted commodity supplies.
Following the United States’ ban on Russian oil, liquefied natural gas, and petrochemical products, the May futures barrel price of Brent oil, which had risen to 139.1 dollars, closed the week with a 4.7 percent depreciation at 112.5 dollars, owing to diplomatic steps and news of new suppliers. After rising 106.8 percent to 192.55 euros last week, April natural gas contracts in Europe rose to 345 euros at the start of the week due to US sanctions on Russia, but fell for the rest of the week and closed the week down 31.9 percent to 131.2 euros.
May futures wheat contracts plummeted to $1,107, a weekly loss of 8.44 percent, after reaching $1,294 throughout the week.
While the price of gold continued to rise this week due to persistent geopolitical worries, it rose 0.84 percent to $1,986.9.
While the sales-led trend in the bond market strengthened due to rising inflation fears in the United States and the Fed’s hawkish stance, the 10-year bond yield in the United States concluded the week up around 17 basis points from 2 percent. The dollar index rose by 0.6 percent week over week to 99.1 percent. It reached its best weekly closing since May 18, 2020. Nickel prices on the London Metal Exchange (LME) soared by more than 100 percent due to the strength of speculative transactions as well as supply issues, and after approaching $100,000 levels, the LME ceased trading in this asset.