United States Fed Interest Rate Decision - 13-12-2023

Introduction

The United States Federal Reserve’s Interest Rate Decision on December 13, 2023 is a critical event impacting the global economy. Analysts and investors eagerly await the Fed’s announcement to gauge its potential effects on inflation, economic growth, and monetary policy.

Impact on Borrowing Costs

The decision made by the Federal Reserve regarding interest rates has a significant impact on various aspects of the economy. It directly affects the borrowing costs for consumers, businesses, and the government. When there are changes in interest rates, it can have a ripple effect on mortgage rates, credit card interest rates, and even the availability and terms of business loans. Therefore, any adjustments in the interest rates set by the Fed can have far-reaching consequences throughout the financial landscape.

Previous released data results :

On last data (1-11-2023) we predict to SELL XAUUSD as for as strong US Economy performance was created selling pressure on gold.

Check the previous blog

Check last given signal

Performance :

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About the FOMC

The Federal Open Market Committee (FOMC) plays a crucial role in shaping the US economy through monetary policy decisions. This presentation will explore the FOMC’s functions and impact on economic stability and growth.

FOMC Structure

The FOMC consists of 12 members, including the 7 governors of the Federal Reserve Board and 5 Federal Reserve Bank presidents. This diverse group convenes regularly to discuss and set monetary policy.

The Federal Open Market Committee (FOMC) consists of twelve members–the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee’s assessment of the economy and policy options.

Challenges and Criticisms

While the FOMC plays a vital role, it faces challenges and criticisms, including concerns about transparency, accountability, and the potential for unintended consequences. Addressing these issues is crucial for maintaining public trust.

2023 Committee Members

Jerome H. Powell, Board of Governors, Chair
John C. Williams, New York, Vice Chair
Michael S. Barr, Board of Governors
Michelle W. Bowman, Board of Governors
Lisa D. Cook, Board of Governors
Austan D. Goolsbee, Chicago
Patrick Harker, Philadelphia
Philip N. Jefferson, Board of Governors
Neel Kashkari, Minneapolis
Adriana D. Kugler, Board of Governors
Lorie K. Logan, Dallas
Christopher J. Waller, Board of Governors

Alternate Members

Thomas I. Barkin, Richmond
Raphael W. Bostic, Atlanta
Mary C. Daly, San Francisco
Loretta J. Mester, Cleveland
Sushmita Shukla, First Vice President, New York

Federal Reserve Bank Rotation on the FOMC

Committee membership changes at the first regularly scheduled meeting of the year.

	2024	2025	2026
Members	New York Cleveland Richmond Atlanta San Francisco	New York Chicago Boston St. Louis Kansas City	New York Cleveland Philadelphia Dallas Minneapolis
Alternate Members	New York Chicago Boston St. Louis Kansas City	New York Cleveland Philadelphia Dallas Minneapolis	New York Chicago Richmond Atlanta San Francisco