Feeding minutes to show details about the decision to keep prices at the January meeting

• The policy meeting minutes will be published on January 28-29 on Wednesday.
• Details surrounding discussions will be examined about the decision to maintain policy settings unchanged by investors.
• The markets see almost no chance to reduce the 25 -bit feeding rate per second in March.

The minutes of the Federal Reserve of the Federal Reserve will be published on Wednesday at 19:00 GMT. Policy makers decided to maintain a policy rate in the range of 4.25 % -4.5 % at the first meeting of 2025. However, the central bank has removed the previous language that indicates that inflation has “made progress” towards its 2 % goal, and instead of increasing prices. It is still high. “

Jerome Powell and Co decided to hold policy settings unchanged after the January meeting

The FOOC Open Market (FOMC) voted unanimously to maintain the policy rate unchanged. The statement showed that officials expressed their confidence that progress in reducing inflation will resume it will be resumed later this year, but they stressed the need to stop and wait for more data to confirm this view.

At the post -investigation press conference, the Chairman of the Federal Reserve Board Jerome Powell repeated that they did not need to be in a hurry to make any amendments to politics.

Commenting on politics earlier in the week, the Philadelphia Patrick Harker President said that the current economy is arguing with a fixed policy at the present time. Likewise, Atlanta Federal Reserve Chairman Rafael Bustic He pointed out that the need for patience indicates that reducing the next average can happen later to give more time to information.

When will FOMC minutes be issued and how can it affect the US dollar?

FOMC will issue a policy meeting minutes on January 28-29 at 19:00 GMT on Wednesday. Investors will examine the discussions surrounding politics.

In the event that the publication shows that policy makers are ready to wait until the second half of the year before reconsidering the price rates, the immediate reaction can help US dollar (USD) collection of strength against its competitors. On the other hand, the market reaction can remain defeated and short -term if the document is repeated that officials will adopt an approach to the patient to further reduce policy without providing any new evidence of timing.

According to the CME Fedwatch tool, the markets are currently not seen any chance to reduce the basis point rate of 25 in March. Moreover, it makes more than 80 % the possibility of another policy in May. Consequently, the market situation indicates that the publication will need to provide a very loud language to provide a fixed batch of US dollar.

Erine Singozer, an analyst at the European session in FxstreeetSharing a brief look at the US dollar index:

“The RSI Index Index (RSI) remains on the daily graph much lower than 50 and the index remains less than the simple moving average for 20 days (SMA), highlighting the short -term declining bias.”

On the negative side, 106.30-106.00 is in line with a main support zone, where SMA for 100 days and Fibonacci 38.2 % decreased from October 2024 – January 2025 in the upward trend. If this support zone fails, 105.00-104.90 (SMA 200 days, Fibonchi by 50 %) can be set as the next landing target. Looking at the north, the resistance can be monitored on 107.50-107.70 (SMA 20 days, Fibonacci 23.6 %), 108.00 (50 days SMA) and 109.00 (round level). “