The FOMC is expected to cut the benchmark rate by 50 bps to a record low of 0.50%, as the U.S. economy is officially in a recession and expectations are that it will deepen in early 2009. Trading the News: FOMC Rate Decision
What’s Expected
Time of release: 12/16/2008 19:15 GMT, 14:15 EST
Primary Pair Impact : GBPUSD
Expected: 0.50%
Previous: 1.00%
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