World Market News of the 13 December with FXOpen #fedrate #interestrate #binance #sec #bankofengland

#fed #interestrates #interestrates2023 BANK OF ENGLAND SET TO HOLD INTEREST RATES The market is pricing an almost 100% chance of a hold on Thursday, according to LSEG, with economic data since the Bank’s last meeting largely inconclusive. Real GDP was flat in the third quarter, in line with the Monetary Policy Committee’s projections, while both inflation and wage growth have undershot expectations and domestic demand has been weak. Barclays expects the MPC to deliver a split vote in favor of a hold, but keep its rhetoric hawkish as it pushes back against the market’s pricing of “premature” cuts. Source: CNBC FED IS EXPECTED TO HOLD RATES STEADY WEDNESDAY The Federal Reserve is widely expected to hold interest rates steady this Wednesday during the central bank’s last policy meeting of the year. It is also expected to caution against making rate cuts anytime soon, defying the expectations of some on Wall Street who expect that easing to happen as early as March. Market observers are eager for any sign that the most aggressive rate-hiking campaign since the 1980s is over. Source: Yahoo! Finance SEC HASN’T MET LEGAL REQUIREMENTS TO SUE - BINANCE Binance, and Changpeng Zhao argued that the US Securities and Exchange Commission (SEC) did not meet the requirements of the “Howey Test” in its suit against the two companies and their founder in a new filing Tuesday. Binance and Zhao, more commonly known as “CZ,” filed a reply to the SEC alongside , which submitted its own separate but similar filing arguing that the SEC did not show that the exchanges’ US customers had any contracts that would meet the definition of an “investment contract,” or that other elements of the Supreme Court case were met. Source: Coindesk 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.