FOMC Statement | Forex Factory

FOMC Statement | Forex Factory

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)

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Jul 29, 2015 3:25pm

"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

Jul 29, 2015 11:04pm

Quoting palinco

Disliked

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

Ignored

lol. right before a 90 pip drop.

Jul 29, 2015 1:13pm

Quoting Bankerssuck

Disliked

Not to mention making the big banks go insolvent.

Ignored

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.

Jul 29, 2015 2:15pm

Quoting shahin1990

Disliked

gold cant break 1105, so this is time to gold sell

Ignored

I would say gold rose from 1080 - after a strong fall = cheap market price be carefull shorting it for a long period of time

Jul 29, 2015 5:17pm

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.

Jul 29, 2015 1:08pm

No rate hike soon.

Jul 29, 2015 1:55pm

bad cons conf number will push gold higher.

Sep 17, 2015 7:01am

rate is going no where today

Jul 29, 2015 1:09pm

The rate will be below 'normal' for some time....

Jul 29, 2015 1:41pm

No rate rise, Gold 2000 by December ... Huzzah

Sep 17, 2015 10:07am

Quoting Guest

Disliked

i think interest rate may go to upward so we should sell the gold as well as possible

Ignored

As the Titanic starts to sink , "Guest" sells the life raft .. okeedoky !

Sep 17, 2015 10:27am

Stock market people is on the sinking Titanic but Forex market people (expert) on the pier is looking at the sinking Titanic.

Jul 29, 2015 2:09pm

sell euro usd

Jul 29, 2015 3:18pm

Quoting Guest

Disliked

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.

Ignored

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.

Jul 29, 2015 1:27pm

yeah it is some time for gold to rise soon enough to 1133

Jul 29, 2015 1:42pm

Quoting NewtonsCash

Disliked

No rate rise, Gold 2000 by December ... Huzzah

Ignored

=))) fantastic imagination =)

Jul 29, 2015 1:45pm

Quoting Francgoz

Disliked

I think this news is bullish for d usd n bearish for gold but the trend won't b so strong.

Ignored

gold will hit some lows soon and next month can begine with a rising

Jul 29, 2015 3:28pm

It's quite hawkish..

Jul 29, 2015 1:14pm

what.. im still reading. what does the statement really mean? up and down by wiping out SLs in both way.

Jul 29, 2015 1:21pm

i think it will be bearish for USD if u read the whole Text.....they will keep an eye on labor market etc etc

Jul 29, 2015 1:06pm

hawkish?

Jul 29, 2015 1:03pm

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.

Jul 29, 2015 1:20pm

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

Jul 29, 2015 9:40pm

"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?

Jul 30, 2015 3:15am

*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

Jul 29, 2015 1:09pm

seems hawkish to crowds!

Jul 29, 2015 1:01pm

hmmmmm.....

Jul 29, 2015 1:02pm

Keep watching chart don't let them fool you in this way

Jul 29, 2015 1:06pm

seems hawkish to me

Jul 29, 2015 1:13pm

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.

Jul 29, 2015 1:39pm

I think this news is bullish for d usd n bearish for gold but the trend won't b so strong.

Trader#1196

Jul 29, 2015 1:45pm

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.

Jul 29, 2015 1:54pm

USD will go to strong slowly

Jul 29, 2015 1:57pm

gold cant break 1105, so this is time to gold sell

Jul 29, 2015 2:53pm

Quoting Hunterrus

Disliked

=))) fantastic imagination =)

Ignored

He means real metal not paper contracts lol.

Jul 30, 2015 8:55am

55th will be the one

Trader#CDA8

Jul 29, 2015 1:08pm

Gold spikes and sells off as usual...what a POS metal

Trader#A197

Jul 29, 2015 1:15pm

Quoting Guest

Disliked

Gold spikes and sells off as usual...what a POS metal

Ignored

That's because of the HFT's.

Trader#C59A

Jul 29, 2015 1:19pm

they will have to give Yellen some medication or a stiff shot of jack daniels or grey goose before she announces any rate hike.

Trader#1196

Jul 29, 2015 1:51pm

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.

Trader#B21E

Jul 29, 2015 1:52pm

It seems like results of us economy is not as good as expected. I think rates will go up in 2016.

Trader#9971

Sep 17, 2015 5:48am

i think interest rate may go to upward so we should sell the gold as well as possible

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Jul 29, 2015 1:00pm
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US Federal Funds Rate

US FOMC Statement