- The FOMC, the decision-making body of the FED, is noting that geopolitical conflict is currently affecting the domestic economic outlook.
- Fed meetings and official statements address how the Middle East conflict is impacting global energy supplies and inflation.
The Fed hiked rates by 25 basis points on September 1st, amidst a global energy supply crisis linked to the Middle East.
1 report, 1 independent
Updated Sep 1
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What happened
The Fed hiked rates by 25 basis points on September 1st, amidst a global energy supply crisis linked to the Middle East.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Fed meetings and official statements address how the Middle East conflict is impacting global energy supplies and inflation.Also in this story
- Mary Daly influences FOMC policy through her views on how geopolitical events affect inflation expectations.
- ISM data shows supply chain strain and rising input costs, influencing Fed interest rate decisions amid Middle East conflict.
- The FOMC voted to raise interest rates by 0.25 percentage points, amidst cautious stances and the contribution of Middle East conflict to inflation above the 2% target.
- The Federal Open Market Committee set interest rates for the FED while noting that war has driven up global fuel and food prices.
The entities involved
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FED
business
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Federal Open Market Committee
committee of the United States Federal Reserve
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Global market turbulence is putting pressure on Fed policy, coinciding with an AI equity rout in Asia.
- Fed policy is affecting global investment sentiment, with Asian markets reacting to differing growth rates.
- Fed rate hike expectations are influencing market sentiment, while the Middle East crisis hopes are driving rallies in Asian chip markets like Seoul and Jakarta.
- Investor fears of rate hikes caused a market decline, driven by strong job gains and BLS data.
- Fed Chair spoke at IMF meetings, leading to downward repricing of rate hike expectations and supporting crypto sentiment.