The Bybit and FXStreet report presents an analysis of the Federal Reserve meeting held on July 30 and its potential impact on the markets.
Key Points from the Fed Meeting
At today's Fed meeting, it is expected to maintain the interest rate at 4.5%. Market attention is focused on the September 17 meeting, where the probability of a rate cut stands at 61%. Should this occur, it may lead to significant market movements.
Expectations for Rate Cuts in September
Three key factors influencing expectations for a September rate cut are cooling inflation, reduced tariff risks from new trade agreements, and increasing political pressure. These factors could shift cut probabilities from 61% to over 80%.
Market Movements and Predictions
Support for EUR/USD is at 1.145, while resistance is at 1.161. A rate reduction in September is predicted to boost an uptrend. Meanwhile, the S&P 500 has reached record highs, with targets at 6,446 and 6,500.
The Bybit and FXStreet report emphasizes the Fed meeting as a catalyst for further market movements, highlighting the need for close monitoring of economic and geopolitical factors.
