US Fed meeting Date and Time: When, where, how to watch US Federal Reserve Board Chair Jerome Powell's December FOMC meeting

US Fed December Meeting 2024: As per the December 15 data by CME FedWatch Tool, the probability of US Fed slashing the interest rate by 25 basis points is around 96%.

The US Federal Reserve will begin its 2-day policy meeting today. This is the last meeting of the Federal Open Market Committee (FOMC) of 2024. This is also the last Fed meeting before change of guard at the Oval Office. In January 2025, Donald Trump will take charge as the 47th President of the US. His inauguration is scheduled on January 20, 2025. The general sentiment is that the US Federal Reserve is likely to slash the key interest rate by 25 basis points. However, the market watchers will be more interested in the economic projections for 2025 along with the rate cut. So, what will Jerome Powell say about the key rate cut, ongoing geopolitical risks and the recently concluded US Elections? Here’s all you need to know about the most critical event from the world of finance:

When to watch December FOMC Meet?

The two-day meeting begins today i.e. December 17 and will conclude on December 18, 2024. The key policy announcement will be made on December 18 at 2 p.m. ET. (12:30 am IST). The Federal Open Market Committee projections will also be released along with the decision on the rate cut. After the meeting concludes, US Fed Chair Jerome Powell will address the media at 2:30 p.m. ET (1:00 am IST, Wednesday).

Where to watch December FOMC Meet?

We at Moneycontrol will bring the latest updates, insights on the FOMC meeting announcement tomorrow. Apart from this, the official channels of FOMC will host the post-meet press conference. This includes the official YouTube channel - X (erstwhile Twitter) handle https://x.com/federalreserve and https://www.youtube.com/federalreserve. The US Federal Reserve will also broadcast the press conference on its official website - https://www.federalreserve.gov/live-broadcast.htm.

What to expect from FOMC's December meeting?

Among the flurry of economic data on industrial production, personal spending, November retail sales, personal income, December Fed decision is the most critical of all. This single policy announcement can decide the sentiment of the market movement across the world. For the US< this is the last big data points of 2024. With holiday season around the corner, market volumes are likely to fall next week. Most of the market watchers and analysts are expecting a rate cut of 25 basis points. However, it will be the central bank's policy statement that will be closely watched. With several data points to be analysed, there may be new observations around the new risks and, messaging.

As per the December 15 data by CME FedWatch Tool, the probability of US Fed slashing the interest rate by 25 basis points is around 96%. The report further said that the odds of status quo Fed policy were just 4 percent.