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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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Access a wide range of dollar crosses, US stocks and bonds.

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Trade EURUSD and GBPUSD for as little as 0.4 points, US stocks from USD 7 commissions.

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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 – September 29, 2023

    APAC Strategy Team
    The sell-off in Treasury bonds took a breather, helping stocks and paring some of the gains in the US dollar.
    Macro

    Global Market Quick Take: Asia – September 28, 2023

    APAC Strategy Team
    The surge in yields, dollar and oil continued to take a toll on sentiment, but equities managed to close in green after wobbling in the day.
    Macro

    Global Market Quick Take: Asia – September 27, 2023

    APAC Strategy Team
    The S&P 500 and Nasdaq 100 fell 1.5% amid weaker new home sales, consumer confidence, and elevated bond yields. Amazon dropped 4% due to an antitrust lawsuit.
    Macro

    Global Market Quick Take: Asia – September 26, 2023

    APAC Strategy Team
    The 10-year US Treasury yield hit a 15-year high at 4.53% as traders anticipated a robust economy and the Fed's "higher for longer" policy. Rising Treasury yields strengthened the dollar.

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