Market Pauses in Anticipation of Fed's Decision: Summary for September 20, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_19-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair maintains a neutral position, awaiting the Federal Reserve's verdict.</p>

<p>The major <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/" data-internallinksmanager029f6b8e52c="142" title="Currency Pair">currency pair</a> remains still this Wednesday, much like the previous day. The current exchange rate for EUR/USD stands at 1.0684.</p>

<p>Today marks a significant day of the month as it concludes the two-day meeting of the US Federal Reserve. Later in the day, the Fed will unveil its decision regarding the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a>, and it's highly probable that the rate will persist at 5.5% per annum. Nevertheless, the market is focused on subsequent remarks from the Fed, seeking hints about the regulator's future strategies.</p>

<p>Leading up to Federal Reserve Chair Jerome Powell's address, market activity might remain muted, but heightened <a href="https://blog.roboforex.com/blog/2020/08/20/what-is-volatility-and-how-to-use-it-on-forex/" data-internallinksmanager029f6b8e52c="150" title="Volatility">volatility</a> is anticipated immediately after.</p>

<p>It's plausible that the Fed might highlight signs of accelerating <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> and express confidence in the labour market as factors to contemplate rate hikes in November. If such a scenario unfolds, the US dollar could gain strength.</p>

<p>All attention is currently directed towards the Fed.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/09/20/market-pauses-in-anticipation-of-feds-decision-summary-for-september-20-2023/">Market Pauses in Anticipation of Fed&#039;s Decision: Summary for September 20, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>