FOMC live schedule details, expectations; how to watch Fed Chair Jerome Powell's interest rate announcement
The US Fed FOMC Meeting March 2023 Date and time
Meeting of the US Federal Reserve's FOMC in March 2023 Time and date: The Federal Open Market Committee (FOMC) is meeting for two days (March 21 and 22).
The US FOMC meeting on interest rate decisions will be closely watched around the world, as any hike that exceeds market expectations could unsettle investors.
Date and time of the US Federal Reserve's FOMC meeting in March 2023
The US Federal Reserve's decision to raise interest rates will be announced on March 22, 2023, at 2 p.m. EST (Eastern Standard Time), followed by a press conference.
Those who observe Indian Standard Time (IST) can watch the US Fed FOMC Meeting March 2023 live, as well as Fed Chair Jerome Powell's interest rate announcement, between 11:30 PM and 12:30 AM on the intervening night of Wednesday-Thursday.
US Federal Reserve FOMC Meeting March 2023 Live Schedule
On the FOMC channel, you can follow the minute-by-minute details of the Fed's rate revision decision, which will be announced during the Fed meeting today. You can also watch its official YouTube channel.
Official channel of the Federal Reserve Board of Governors
Expectations for the US Federal Reserve FOMC Meeting in March 2023
"If the Fed raises interest rates, it means they are confident that the US economy and financial system can withstand the rate hike. However, the rising rate indicates that they are concerned about rising inflation in the United States, which may continue for a few months.
So, while the financial system may be endorsed in the short term, inflation readings will be high in the medium term, and US banks will have to deal with additional market losses."
"However, if they cut interest rates, it means the Fed believes the US financial system can't handle any more rate hikes and the US banking system is frail," he added.
Policymakers and analysts are divided on whether the Fed will raise rates by 50 basis points (bps), 25 basis points (bps), or remain unchanged in light of the March 10 collapse of Silicon Valley Bank (SVB) and the subsequent crisis at Signature Bank, which spilled over to Credit Suisse in Europe.
Another focus area as the Fed meets is quantitative tightening, in which the Fed temporarily stops selling its holdings of Treasury debt.
During the year, the FOMC holds eight regularly scheduled meetings and other meetings as needed. The minutes of regularly scheduled meetings are made available three weeks after the policy decision date.