During the American session today, Wednesday, February 1, the markets are looking forward to the meeting of the largest central bank in the world, the US Federal Bank, which meets for the first time this year to discuss developments in monetary policy and interest levels, as expectations indicate that the Fed will raise interest rates by 25 basis points to reach 4.75. percent to its highest level in 15 years.

It is expected that the US Federal Reserve will continue to slow the pace of monetary tightening and raise interest rates less after the recent inflation data, as inflation began to decline from peak levels of 9.1% in July of last year, its highest level in 40 years, before reaching 6.5% in the last reading of inflation in June.

Dec . The Fed’s Preferred Inflation figures (PCE) issued at the end of last week also showed a rise in the annual index, which rose to 5% in December compared to 5.5% in the November reading.

The main index excluding food and energy prices rose to 4.4% compared to 4.7% in the November reading. According to the estimates of the futures markets from FedWatch issued by CME, the markets are priced to raise interest rates by 25 basis points at the bank’s meeting on November 1, by 99%, and thus the Fed raised interest by 25 basis points confirmed today, and according to the statements of the Bank’s President Jerome Powell in the press conference and his expectations for the future of interest rates It is what will move the markets, especially since this meeting will not have a look at the expectations of the Fed members for growth and inflation and the scheme of points for interest in the quarterly expectations, which will be issued at the next March meeting.

Expectations for an interest rate hike of 25 basis points at the March meeting reach 84% today. Therefore, the markets will also monitor the Federal Reserve’s outlook and expectations for the peak of interest rates, and whether the US Federal Reserve will start cutting interest rates in the fourth quarter of the year.

An increase of 25 basis points calculated in the current prices. Accordingly, it is expected that we will witness initial increases in the US dollar with the announcement of the statement, while the movement will be later based on the statements of the bank’s president, Jerome Powell, in the press conference.