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Trade the FOMC meeting

The Federal Open Market Committee (FOMC) will meet on 29-30 January to determine interest rates in the US. Find out more about this meeting and how you can trade it with Saxo.

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Range of opportunities

Access a wide range of dollar crosses, US stocks and bonds, or go long or short with CFDs on major indices.

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Trade EURUSD and AUDUSD from as little as 0.3 points, US stocks from USD 3.0 commission, and the US 30 from 1.4 points.

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React to the latest FOMC developments from your desktop, tablet or mobile, and benefit from innovative risk-management tools.

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What’s expected at the next FOMC meeting?

What’s expected at the next FOMC meeting?

In the final FOMC meeting of 2018, the central bank raised interest rates from 2.25 percent to 2.5 percent. The Fed included in its statement that further “gradual” rises would be appropriate but lowered its projections to two hikes in 2019.

The markets are therefore expecting a pause on interest rates when the FOMC meets on 29-30 January. However, an unexpected hike or cut, or even the tone of the accompanying minutes, could produce a reaction from the markets.

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Key markets to watch

Forex

Pay close attention to dollar crosses as the FOMC prepares to announce its decision. In general, higher interest rates increase the value of a country’s currency, while lower rates weaken it.

Indices

A rise in interest rates tends to negatively impact the stock market, as businesses and consumers will cut back on spending. Keep a close eye on the S&P 500, Dow Jones and Nasdaq indices.

Bonds

Any rate change will directly impact US bonds, as there is an inverse relationship between bond prices and interest rates. That means that as interest rates rise, bond prices fall, and vice versa.

Saxo’s expert view on the FOMC meeting

Stay up to date on FOMC developments with news and insights from the #SaxoStrats, our team of in-house analysts.
    Macro

    Global Market Quick Take: Asia – December 6, 2023

    Charu Chanana
    Equities mixed as bonds gained on US JOLTS miss and ECB Schnabel’s dovish comments. Crypto enthusiasm over ETF launch continued, while China markets faced further disappointment as Moody’s cut its outlook.
    Forex

    RBA under-delivers: AUD momentum could turn bearish, particularly on the crosses

    Charu Chanana
    The Reserve Bank of Australia’s pause came with a neutral-to-dovish tilt in commentary amid lack of data, leaving market unimpressed as a hawkish hold was priced in.
    Macro

    Global Market Quick Take: Asia – December 5, 2023

    APAC Strategy Team
    Markets re-evaluated the pace of Fed rate cuts priced in for 2024, pushing Treasury yields higher and equities, especially Big Tech, lower.
    Forex

    Weekly FX Chartbook: Dovish Fed and ECB bets picking up

    Charu Chanana
    US dollar extended its bearish momentum but is now looking oversold. EUR bearish trend may however have room for a catch-up as ECB pricing is slipping dovish and EUR crosses against JPY, CHF, AUD, NZD could have room to adjust.

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