FOMC Statement | Forex Factory

FOMC Statement | Forex Factory

FOMC Statement

From federalreserve.gov

Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have been increasing moderately, and the housing sector has improved further; however, net exports have been soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, labor market indicators show that underutilization of labor resources has diminished since early this year. Inflation has continued to run below the Committee's longer-run objective, partly reflecting declines in energy ... (full story)

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Sep 18, 2015 3:19am

"When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run".

And continue fuelling the bubble of all bubbles...

Sep 17, 2015 1:07pm

Quoting Nate04

Disliked

Cowards. Tell everybody for months that your going to raise the rates, and then nothing.

Ignored

looks like someone got burn.
No one knew what would come out of this event. Trading in such period is just suicide !

Sep 17, 2015 1:11pm

Oh yes they have done a lot for financial health of the US. They have made it much worse. they appear to be stupid like that, but actually the financial health of the US is not their goal. The financial wealth of the top few multi billionaires is what they are concerned with. How to steal from everyone else and give to the top few. so they are doing an excellent job. They know exactly what they are doing. Murderers, thieves and liars. Talking very sweetly as if they are really doing the very best they can. They don't give a crap about the people. If 75% of the population died from war, starvation or a plague it would really help a lot.

Sep 17, 2015 5:04pm

The really funny thing is that with this move the fed has effectively devalued the USD by about 3% and with more to come, but nobody accuses them of currency manipulation - unlike the Chinese. The really funny part is that the fed has effectively devalued the Chinese currency by the same amount as well,

Sep 17, 2015 2:19pm

Quoting demon king

Disliked

if you are waiting for the refugees ( du kanns vergessen ) we are already taking measures it will colapsse because in the long run its just not possible, but americas economy its ok?

Ignored

What happened Mutti promised to take at least 800k so 750k to go, good luck.

Sep 17, 2015 1:07pm

wow, i am speechless...... that is such a bad signal to the markets... now there will be even more insecurity.

However, The way the candles behave, there seems to be a lot of buying in the indicies......

Sep 17, 2015 1:09pm

Quoting Capelli

Disliked

looks like someone got burn.
No one knew what would come out of this event. Trading in such period is just suicide !

Ignored

Incorrect. I'm not in the market right now (well except my carry trade, which is fine).

Sep 17, 2015 1:10pm

Quoting cecchino

Disliked

Now it's clear FED has lost control over monetary police, they are terrified from hike 0.25 bp. So no chance in the future to hike, they lost the train in june and now finish, maybe a new round of QE but no hike.

Ignored

This is why I'm upset. Today did nothing for the financial health of the US.

Sep 17, 2015 1:20pm

Yeah, I was fairly heavily short bonds running up to about 2 days ago, and I fully exited after the major push up. I was expecting to reenter after the statement... but now... it sounds like they may not move for a while... like maybe even 6+ months...

Sep 17, 2015 1:25pm

It would be overly presumptuous for me to predict that the Fed will never be able to raise interest rates. Give the economy another 6 months, and it could be far worse... or far better. We will have to see.

Manufacturing numbers seem to be getting weaker. However, in general, very important economic indicators are still indicating growth ahead, reference the State Coincidences Index (strong) and the CFNAI (strong move up this last reading).

Sep 17, 2015 1:08pm

Now it's clear FED has lost control over monetary police, they are terrified from hike 0.25 bp. So no chance in the future to hike, they lost the train in june and now finish, maybe a new round of QE but no hike.

Sep 17, 2015 1:18pm

I'm not surprise from this they start some weeks ago, to blame everything, China, market turmoil, not too much lòabour improvement every excuse is good for delay (and never happen) a small hike. So this mean that economic health of US is not in good shape like they want to tell us. That's was calculate.

Sep 17, 2015 1:27pm

hehehe love my coin flippin. I love to see it fly in the air, such a beauty

Sep 17, 2015 1:28pm

Wages are falling, the economy is on the verge of deflation. They had no choice. The next move is as likely to be more QE as a rate hike.

Sep 17, 2015 9:56pm

Quoting Guest

Disliked

I think the Fed was going to hike rates but their RSI and MACD were already showing oversold, at least on the EUR/USD.

Ignored

the fed use RSI MACD?

Sep 17, 2015 1:02pm

Its really pleasant to watch to market move and knowing that I have nothing at risk

Sep 17, 2015 1:05pm

Quoting Nate04

Disliked

Cowards. Tell everybody for months that your going to raise the rates, and then nothing.

Ignored

How can you say that? You got a big page of words...

Sep 17, 2015 6:34pm

55 now

Sep 17, 2015 8:46pm

Quoting Stockman

Disliked

Long USD, buy stawks, short gold, short silver.

Big stock market run coming, Dow to 25,000

Ignored

Well you are consistent.

Sep 17, 2015 2:24pm

Now this will make things more interesting. Continued promise of rate positive environment in the US, coupled with an ascending triangle on a daily e/u. Cross currents between large fund and tech influences means plenty of vol to go around. If you want to make $$$ quit whining about yellen, and get your pip rake out and make some money!

Best,

PPH

Sep 17, 2015 7:46pm

Quoting verv

Disliked

Zero credibility anymore.

Ignored

I know the very same thing that she wanted to improve about the Feds and now she's destroyed if even further.

Sep 18, 2015 9:59am

Quoting AaronWard

Disliked

The really funny thing is that with this move the fed has effectively devalued the USD by about 3% and with more to come, but nobody accuses them of currency manipulation - unlike the Chinese. The really funny part is that the fed has effectively devalued the Chinese currency by the same amount as well,

Ignored

Like👍

Sep 17, 2015 1:02pm

Zero credibility anymore.

Sep 17, 2015 1:20pm

its written on the wall ! US simply cannot raise rates. Will try to get the articles for pleasure reading. If can recall, its something got to do with foreign bond holders. Where can US find the money to pay unless they print it on toilet papers!

Sep 17, 2015 6:30pm

54 comments

Sep 17, 2015 1:33pm

Can't wait for the US to accuse China of manipulating their currency again...because clearly, the US isn't manipulating their dollar, right? RIGHT?

Sep 17, 2015 1:55pm

Sell USD hard!

Sep 17, 2015 2:29pm

Quoting iwillwait

Disliked

I'm betting for October

Ignored

no way buddie inlfation has to pick up first before the market prices in a hike. Before that happens there is nothing to hike.

Sep 17, 2015 1:37pm

Quoting 4exNinja

Disliked

Can't wait for the US to accuse China of manipulating their currency again...because clearly, the US isn't manipulating their dollar, right? RIGHT?

Ignored

Right!! lol

Sep 17, 2015 1:22pm

Good day

attention to fundamental but trade with technical
http://www.forexfactory.com/news.php?do=news&id=558011#post8493843

Sep 17, 2015 5:16pm

Quoting jiva34

Disliked

How can you say that? You got a big page of words...

Ignored

Haha

Sep 17, 2015 7:59pm

Long USD, buy stawks, short gold, short silver.

Big stock market run coming, Dow to 25,000

Sep 17, 2015 1:02pm

Cowards. Tell everybody for months that your going to raise the rates, and then nothing.

Sep 17, 2015 1:04pm

"The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run."

Sep 17, 2015 1:07pm

Quoting jiva34

Disliked

How can you say that? You got a big page of words...

Ignored

hahaha I guess that's true. I think it translated into "where a bunch of gutless pigs".

Sep 17, 2015 1:18pm

Quoting Gregory_

Disliked

Projections still indicate most in the Fed believe >1% in 2016:

Link to PDF with projections:
http://www.federalreserve.gov/moneta...bl20150917.pdf

Ignored

sure...if you don't mind 2015 all over again while you wait in 2016.

Sep 17, 2015 1:23pm

Quoting eddiegoldman

Disliked

its written on the wall ! US simply cannot raise rates. Will try to get the articles for pleasure reading. If can recall, its something got to do with foreign bond holders. Where can US find the money to pay unless they print it on toilet papers!

Ignored

Following on this point, there was also an article which stated that a mere 25bps increase would effectively DOUBLE US interest debt payments alone. Imagine would a 100bps increase would do...which further supports your point of: "Where can US find the money to pay unless they print it on toilet papers"

Sep 17, 2015 1:12pm

Oh yess oh no...oh yess oh noooo....LoL

Sep 17, 2015 2:02pm

As Germans sometimes say: "Kein Stress". Europe economy will colaps within one year due the refugees, so stay cool and continues to play your game with rate hike and QE's. Your doing damn good job!

Sep 17, 2015 1:30pm

Looks more like Chinese monetary policy than the US... What if, Chinese or global markets don't recover for a year or two!!!

Sep 17, 2015 2:14pm

if you are waiting for the refugees ( du kanns vergessen ) we are already taking measures it will colapsse because in the long run its just not possible, but americas economy its ok?
i dont think so
by the wai i already have shorted the usd today
hope you guys have a long run and everibody stay cool
tchus von germany

Sep 17, 2015 1:16pm

Projections still indicate most in the Fed believe >1% in 2016:

Link to PDF with projections:
http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20150917.pdf

Sep 17, 2015 1:44pm

13 of 17 Fed officials still expect a rate rise this year, according to projections... hmmm...

Sep 17, 2015 1:44pm

The credibility of the FED is like a clown much better Draghi if he tell something they act .

Sep 17, 2015 2:28pm

I'm betting for October

Sep 17, 2015 1:27pm

for gbpusd, kindly refer to weekly chart for techcians. A hidden divergence @ 1.51637 on 30/8 and 1.51698 on 31/5

Sep 17, 2015 1:27pm

Quoting Tony112

Disliked

hehehe love my coin flippin. I love to see it fly in the air, such a beauty

Ignored

Congrat$$$$$$

Sep 17, 2015 1:09pm

Banks will always run the country. There will never be "Change"...

Sep 17, 2015 1:09pm

buy and bye bye signals

Sep 17, 2015 1:11pm

Next up QE 4 lol. Time to buy more Gold and Silver physical.

Sep 17, 2015 1:15pm

I've lost 10 bucks ... tell me the Yellen's phone nr. !!!

Sep 17, 2015 1:21pm

No rate hike this year

Sep 17, 2015 1:22pm

here is the situation: FOMC is worried about inflation but overall they are positive on growth. just go short on dollar for the next few weeks but then start selling other currencies

Sep 17, 2015 1:28pm

Next stop: negative rates

Sep 17, 2015 1:50pm

No Rate hike, its good. My account is good looking, Buy XAUUSD, EURUSD, NZDUSD, GBPUSD and AUDUSD. Chinese monetary policy is good indicator for NO rate hike USD.

Sep 17, 2015 2:06pm

why gbpjpy and eurojpy go up, usdjpy break daily level

Sep 17, 2015 4:40pm

the state of the economy and confident market movement will determine and not the wish of some people

Sep 17, 2015 6:41pm

Im saying Dec Rate Hike. But price action dictates all. It's now about being right. It's about making positive PIPS!

Sep 17, 2015 6:48pm

thank you Mr Obama, a sigh of relief for the emerging economies. Bravo Zulu.

Sep 17, 2015 11:04pm

Wait for an increase in December! For now buy AUDUSD

Trader#89D5

Sep 17, 2015 1:07pm

An economy addicted to low rates. Can anyone say debt-based bubble?

Bernanke and Yellen have put the US economy on an IV of addictive poison, and there's no going cold turkey.

Trader#3A00

Sep 17, 2015 1:33pm

Watch out for India...rate cut is coming

Trader#AFE2

Sep 17, 2015 1:53pm

I'm going to name my next child ZIRP.

Trader#83C1

Sep 17, 2015 2:09pm

IÂ´m very happy with my acount after today's staement, but on the other side, very worried about the outlook of the woldÂ´s economy.

Trader#2D9C

Sep 17, 2015 9:42pm

I think the Fed was going to hike rates but their RSI and MACD were already showing oversold, at least on the EUR/USD.

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Sep 17, 2015 1:00pm
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High Impact Breaking

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Linked events:

US Federal Funds Rate

US FOMC Economic Projections

US FOMC Statement