WIKIFX REPORT: TRADING SIGNALS: THE FEDS' DECISION ON THE INTEREST RATE

The Federal Reserve announced that its raising interest rates 0.75 percentage points, following its July 26-27 meeting, bumping the federal funds rate to a target range of 2.25 to 2.50 percent. The move follows an increase of 75 basis points in June, as the Fed rapidly reduces liquidity to the financial markets to help tamp down soaring inflation.

Recall that, on 27th the day of an important economical event — the meeting of the Federal Reserve System of the USA. And as started earlier that, the decision on the interest rates will define the further course of the market and that is exactly what traders are looking out for. And finally the result of the meeting was released.

As of before the meeting, What will be the focus by the time, as said by some of our expert:

The Feds may rise the interest rate by 0.75% and will point out the neccessity of further increase at the next meetings this year due to strong inflation, which is now at a 40-year high in the US. On Wednesday consider selling EURUSD, AUDUSD, #SP500, #NQ100.