We discussed key aspects of the July 2022 Federal Reserve meeting and what experts have to say about the possible outcomes of this meeting.
Looking ahead to the next Federal Reserve meeting? Do you know the scheduled dates for the 2022 Federal Open Market Committee (FOMC) meeting? Do you also want to know what economists have to say at the next meeting?
Experts from the US and India are constantly focusing on the US central bank meeting, which starts on Tuesday and ends on Wednesday. Let’s read the July 2022 Federal Reserve meeting post and know what is the expected outcome of the meeting?
When is the meeting?
In 2022 the meeting calendar is:
25 to 26 January
March 15 to 16
May 3-4
14 to 15 June
26 to 27 July
20 to 21 September
November 1-2
December 13 to 14
Each year, the FOMC schedules eight meetings where they make economic forecasts. The meeting is crucial from an economic point of view, and forecasts determine how the economy will go forward. For example, a rate hike implies slow economic growth as there will be an increase in the cost of everything.
Conversely, if rates are lowered, this means more money in the market and therefore the economy expands. So amid the 2022 Fed meeting schedule, experts are constantly monitoring and waiting for the outcome of this month’s two-day meeting.
The point people need to note here is that due to the zero interest rate during the Covid 19 pandemic, the Fed has stated that the interest rate will be high throughout 2022. This step will be taken to control inflation.
What do experts have to say about this meeting?
Table of Contents
Most economists would say the FOMC is likely to raise interest rates by 75 basis points. However, some analysts believe that there will be interest rate cuts, as the economy is too weak to handle higher interest rates.
Expectations of the July 2022 Federal Reserve meeting:
According to several reports, the Federal Reserve is likely to raise interest rates by 0.75% points at this month’s meeting. However, Fed Governor Christopher Waller has also signaled that the bank will give the same interest rate change as last month. Lawrence Summers, the former Treasury secretary, said a move of 75 or 100 basis points would be appropriate.
In addition, Jerome Powell, chairman of the Fed, says that the country’s economy is far from a recession. But in reality, opinions are divided. Joe Biden also said on Monday, the day before the Federal Reserve Board’s July 2022 meeting, that he does not expect an economic slowdown in the country, despite GDP data expected later this week showing the economy growing for a second consecutive quarter contraction. .
What was the outcome of the June 2022 meeting?
At the fourth FOMC meeting in June, the Fed decided to raise funds rates by 75 basis points, the highest since 1994. They cited several interrelated factors for this, including the Covid-19 pandemic, prices, the situation, etc.
Closure:
Everyone is looking forward to the Federal Reserve Board meeting in July 2022. The meeting ends tomorrow and we will await the impact of the outcome of this meeting’s decision. In the meantime, you can read minutes from past FOMC meetings here.
What are your expectations for the meeting? Don’t forget to mention the Federal Reserve Board meeting in the comments section.
