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  • Federal Reserve issues FOMC statement

    From federalreserve.gov Story is in PDF Format

    Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there has been some further progress toward the Committee’s 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance. The economic outlook is uncertain, and ... (full story)

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Wait for the presser in 30 minutes
Dollar still strong till 30mins later
Doller is negative in 30 min
ultimately DXY will bearish soon
FED will remain hawkish on their statement, but market sentiment is still for rate cut
It is not important that "the rate cut unchanged". We guess this is the last. Important is the clue, when the rate cut will start. We have the rate cut in next. Remained unchanged over and enough. Today is an important FED conference to find out the clue of the rate cut. We expect a dovish speech in the meeting about what will happen for the next
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Good for dollar, market mispricing
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Quoting TheFxTrends
FED will remain hawkish on their statement, but market sentiment is still for rate cut
FED is dovish, they made that clear in the speech.
Market reaction: Gold is rising for probable FED rate cuts in September, with few cuts this year and the Middle East tension. Labor markets: low, Narrow. Inflation remains low—dovish speech.
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    FOMC Press Conference July 31, 2024

    From youtube.com/federalreserve|Jul 31, 2024

    The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, ...

    Fed's Powell: The labor market has come into better balance

    From @financialjuice|Jul 31, 2024|1 comment

    post: FED'S POWELL: THE LABOR MARKET HAS COME INTO BETTER BALANCE. post: POWELL: ATTENTIVE TO RISKS ON BOTH SIDES OF DUAL MANDATE post: FED'S POWELL: THE PACE OF SPENDING HAS SLOWED BUT REMAINS SOLID. post: FED'S POWELL: IN THE HOUSING SECTOR, INVESTMENT STALLED IN 2Q. post: FED'S POWELL: DATA SUGGESTS THAT THE LABOR MARKET HAS RETURNED TO WHERE IT WAS ON THE EVE OF THE PANDEMIC.

    Fed's Powell: 2Q inflation readings have added to our confidence

    From @DBNewswire|Jul 31, 2024|3 comments

    post: *POWELL: 2Q INFLATION READINGS HAVE ADDED TO OUR CONFIDENCE post: *POWELL: ECONOMY MOVING CLOSER TO POINT WHERE APPROPRIATE TO CUT RATES post: *POWELL: RATE CUT COULD BE ON TABLE IN SEPTEMBER post: FED'S POWELL: THERE IS A BROAD SENSE THAT WE ARE GETTING CLOSER, BUT NOT QUITE AT THAT POINT YET. post: FED'S POWELL: WE DON'T THINK OF THE LABOR MARKET AS IT IS CURRENTLY AS A LIKELY SOURCE OF INFLATION PRESSURES. THAT'S WHY I DON'T WANT TO SEE EXCESS COOLING IN THE LABOR MARKET.

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