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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 29/Jan 13:17

Euro under pressure as Fed to keep rates unchanged

EURUSD slides to near 1.0400 in Wednesday’s North American session, with investors focusing on the Federal Reserve monetary policy announcement at 19:00 GMT. The Fed is widely anticipated to keep interest rates steady in the range of 4.25-4.50% as officials are worried that the disinflation trend toward the central bank’s target of 2% has stalled and the labour market has stabilised. As markets have fully priced in that the Fed will keep rates unchanged, investors will pay close attention to Chair Jerome Powell’s press conference. They would be keen to know for how long the Fed will keep interest rates at current

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