Four Points on the Fed

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The Federal Reserve is widely expected to raise interest rates by 25 bps in today’s meeting. Markets are fixated on whether the central forecasts of FOMC members will shift towards signalling 4 rate hikes this year from the current forecast of three rate hikes. Their views on growth and inflation will also be of relevance. 3 or 4? Those who expect the dot plot to upgrade the median forecast ...

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