Global Markets' Attention is on the Fed's Rate Decision

Global markets' attention is on the Fed's rate decision. The expectation for the decision to be announced on Wednesday is that the interest rates will be kept constant.

Global markets' attention is on the Fed's rate decision. Next Wednesday, the Fed will announce its interest rate decision. The expectation of the markets is that the Fed will keep the interest rates constant. While the focus of global markets are on the announcements regarding the presidential change and economic support package in the USA this week, interest rate decisions of important central banks and developments regarding the epidemic, the Fed interest rate decision and intense data agenda will be monitored next week.   "The Market Will Determine The Value Of The Dollar" While the US markets broke a record after the inauguration of the new President Joe Biden, which took place in the USA without any problems, analysts stated that Janet Yellen's announcements regarding the additional financial support packages increased the risk appetite. This week, the number of cases in the coronavirus epidemic exceeded 98 million worldwide, while the loss of life exceeded 2.1 million. Many countries, especially Britain, Germany and China, tightened or extended the measures they implemented within the scope of combating coronavirus. After Janet Yellen's announcement that the markets will determine the value of the dollar during the week, the dollar index fell by 66 basis points this week to 90.2. Analysts stated that the financial results of the companies for the fourth quarter, which started to be announced last week in the USA, also supported the stock markets.   Record Closing by Dow Jones This week in the US, the Dow Jones index rose 0.89 percent, the S&P 500 index 2.13 percent and the Nasdaq index rose 4 percent, while all indices reached their historical peak. Analysts, who made an assessment on the issue, stated that investors are focusing on the Fed's interest rate decision, which will be announced next week, and market expectations are foreseen that the Fed will not change interest rates. Analysts stated that the US's 4th quarter growth data will also be shared on Thursday in the data calendar for the week starting with January 25, and stated that the US economy is expected to grow by 4.1 percent in the 4th quarter. Along with the news flow regarding the support package, the financial results of the companies for the fourth quarter, which continues with the intense data agenda, especially durable goods orders on Wednesday, personal income and expenses on Friday, will be closely monitored.