Menu
Sister Sites

  • Federal Reserve issues FOMC statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined this year and are running below 2 percent. Market-based measures of inflation compensation ... (full story)

Added at 2:11pm

  • Fed Signals Another 2017 Rate Hike, Asset-Shrinking to Start Next Month

    From bloomberg.com

    Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy. They continued to forecast one more interest-rate hike later this year, saying storm damage will have only a temporary impact on the economy. “Hurricanes Harvey, Irma and Maria have devastated many communities, inflicting severe hardship,” the Federal Open Market Committee said in its statement on Wednesday following a two-day meeting in Washington. “Storm-related disruptions and rebuilding will affect economic activity in the near term, but ... (full story)

see one more rate hike in 2017
However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

By this statement doller should not be strong. They want good data in coming weeks or months
Quoting sunpied
see one more rate hike in 2017
Can't see this in the statement
  •  Guest
  • | IP XXX.XX.34.67
It's actually a little more dovish than before.
Quoting Talhazz
However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data. By this statement doller should not be strong. They want good data in coming weeks or months
the song of the EUR long trader
last hike for usd before any rate hike.
Yellen stated today that she is worried about low inflation. If it is to be the case, then we may expect QE in the following months and no rate hike this year.
Quoting FX-Syndicate
Yellen stated today that she is worried about low inflation. If it is to be the case, then we may expect QE in the following months and no rate hike this year.
I see no further QE when they are planning to normalize their books. However to strengthen employment and boost inflation there may not be fresh rate increase in the short run.
infla is will be supported by tax reform.....
  • New Comment
  •  Guest
  • | IP X.XXX.251.94
Join FF
  • Story Stats