The Federal Reserve will finish its scheduled two-day meeting of the Federal Reserve Open Market Committee (FOMC) on Wednesday, December 11th. The governors will release the policy decision and economic and rate Projection Materials at 19:00 GMT. 14:00 EST. Chairman Powell will read his statement and hold a news conference starting at 19:30 GMT, 14:30 EST.
Federal Reserve policy and the US economy
The US economy has gathered strength since the last Fed meeting on October 29-30.
Third-quarter GDP rose from 1.9% to 2.1% at its first revision, unchanged had been the consensus forecast. The Atlanta Fed GDPNow estimate which reached a nadir of 0.3% on November 15th has rebounded to 2.0% as of December 6th.
