Interest rates forecast
FOMC – In the meeting on 29 January 2020, all 10 members of Federal Reserve’s rate-setting panel voted unanimously to hold the rates stable in the range between 1.5% and 1.75%. The dovish tone by Federal Reserve Chairman Jerome Powell during the statement lowers the likelihood of a rate hike. However, the market is even more dovish, which the Fed funds futures predicting at least 1 rate cut this year.