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  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor resources has diminished since early this year. Inflation continued to run below the Committee's longer-run objective, partly ... (full story)

hmmmmm.....
Keep watching chart don't let them fool you in this way
First it was rate hike in March, then in June, then in Sept they can never really raise rates unless they want to intentionally crash all the bubbles Housing, Bonds, Stock. Not to mention making the big banks go insolvent.

Rate hike can just come as a saving grace to their credibility. Just so they can show we raised rates before they go on QE train again.
hawkish?
seems hawkish to me
No rate hike soon.
  •  Guest
  • | IP XXX.X.110.87
Gold spikes and sells off as usual...what a POS metal
The rate will be below 'normal' for some time....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
seems hawkish to crowds!
There is no randomness. It is just Chaos, a higher form of order.
This won't be super bullish for USD, but will certainly be bearish for non-usd currencies as they remain the curve in terms of even talking about raising rates.
Quoting Bankerssuck
Not to mention making the big banks go insolvent.
Pass the smoke so I can have a drag of that mind altering stuff.

The banks have not been this well capitalised in years.

Excess reserves, repeat, EXCESS RESERVES, from depository institution is 2.4 trillion dollars.
what.. im still reading. what does the statement really mean? up and down by wiping out SLs in both way.
Wise man once said "You gotta trade tomorrow as well"
  •  Guest
  • | IP XX.XXX.169.194
Quoting Guest
Gold spikes and sells off as usual...what a POS metal

That's because of the HFT's.
  •  Guest
  • | IP XX.XX.188.176
they will have to give Yellen some medication or a stiff shot of jack daniels or grey goose before she announces any rate hike.
No rate hike. Hmm, bears will have a bad taste in their mouths
"Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate"- FOMC
i think it will be bearish for USD if u read the whole Text.....they will keep an eye on labor market etc etc
yeah it is some time for gold to rise soon enough to 1133
Gold Annihilation System
I think this news is bullish for d usd n bearish for gold but the trend won't b so strong.
No rate rise, Gold 2000 by December ... Huzzah
Quoting NewtonsCash
No rate rise, Gold 2000 by December ... Huzzah
=))) fantastic imagination =)
Gold Annihilation System
Quoting Francgoz
I think this news is bullish for d usd n bearish for gold but the trend won't b so strong.
gold will hit some lows soon and next month can begine with a rising
Gold Annihilation System
  •  Guest
  • | IP XX.XXX.92.253
Pay attention to details. Goals = stable prices + target employment. Ask self appropriate questions. Is inflation near or nearing target rate of 2% (price "stability")? No. Are employment numbers improving? Yes. Does the Fed want investors to plan for a rate hike? Yes. Does that mean rates will rise without inflation? Probably not.
  •  Guest
  • | IP XX.XXX.92.253
Who is more likely to raise rates sooner FOMC or ECB? FOMC or BOE? FOMC or BOJ? Other than GBP, I think answers pretty obvious.
  •  Guest
  • | IP XX.X.36.110
It seems like results of us economy is not as good as expected. I think rates will go up in 2016.
USD will go to strong slowly
bad cons conf number will push gold higher.
gold cant break 1105, so this is time to gold sell
sell euro usd
Quoting shahin1990
gold cant break 1105, so this is time to gold sell
I would say gold rose from 1080 - after a strong fall = cheap market price be carefull shorting it for a long period of time
Gold Annihilation System
Quoting Hunterrus
=))) fantastic imagination =)
He means real metal not paper contracts lol.
Quoting Guest
Pay attention to details. Goals = stable prices + target employment. Ask self appropriate questions. Is inflation near or nearing target rate of 2% (price "stability")? No. Are employment numbers improving? Yes. Does the Fed want investors to plan for a rate hike? Yes. Does that mean rates will rise without inflation? Probably not.
Good analisys i think the same way as you do, if no inflation no rate hike so one has to keep an eye on energy even thought is not core inflation) and price of USD because the higher it goes it lowers the inflation rate.
"The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term".

Pretty much sums it up.

I'm just thankful I didn't have to read endless pages this time to come to the conclusion that nothing has changed
Come with me if you want to live....
It's quite hawkish..
There's no guarantee they'll raise the rate in September, and while they've seemed to appreciate the "growth" they still are concerned with employment and inflation. I suspect they'll pop it up a 1/4 pt in September and watch the economy for a further year, then pop it up another 1/4 pt the following September.
"Normal" appears as the fifth last word of the Statement and that paragraph says we are a long, long way from normal. So if you thought normal was very close, its a dovish and cautious statement. If you thought normal (in the Fed's eyes) was far away you were correct and also dovish. So a big message here is that "one step towards normal is not a giant leap to tighten". I get mostly dovish overall, don't you?
Quoting palinco
No rate hike. Hmm, bears will have a bad taste in their mouths
"Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate"- FOMC
lol. right before a 90 pip drop.
*FOMC VOTE WAS UNANIMOUS
*FED SAYS LABOR SLACK `HAS DIMINISHED' SINCE EARLY THIS YEAR
*FED REPEATS ECONOMY `EXPANDING MODERATELY' IN RECENT MONTHS
*FED REPEATS IT WANTS TO BE `REASONABLY CONFIDENT' ON INFLATION
*FED SAYS BUSINESS INVESTMENT, NET EXPORTS STAYED SOFT
*FED REPEATS MKT-BASED INFLATION COMPENSATION GAUGES REMAIN LOW

This is the 54th straight Fed meeting with no rate hike.

http://www.zerohedge.com/news/2015-07-29/fed-finishes-53rd-consecutive-meeting-no-hike-hints-dovish-delay
Free speech is an oxymoron
55th will be the one
millipede stacker
  •  Guest
  • | IP XXX.XXX.20.10
i think interest rate may go to upward so we should sell the gold as well as possible
rate is going no where today
Come with me if you want to live....
Quoting Guest
i think interest rate may go to upward so we should sell the gold as well as possible
As the Titanic starts to sink , "Guest" sells the life raft .. okeedoky !
Stock market people is on the sinking Titanic but Forex market people (expert) on the pier is looking at the sinking Titanic.
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  •  Guest
  • | IP XX.XX.14.80
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