FOMC

Economy Performing Stronger Than Expected The October FOMC meeting minutes revealed little in the way of market-moving detail with “almost all participants” noting “little change” in their assessments of the economic outlook. However, USD… Read More

Jerome Powell, the chairman of the U.S. Federal Reserve, in comments last week said that there was no evidence that the labor market was at risk of overheating. Speaking at an event in Boston, Powell gave his prepared remarks and brushed… Read More

The Federal Reserve Bank of the United States is undoubtedly the central bank that the world watches. In a way, one could say that when the Fed sneezes, the global economy catches a cold. Or so the saying goes! But this shouldn't come… Read More

Summary Federal Reserve hikes rates by 25bps to bring short-term interest rates to 2.0% - 2.25% as widely expected One more rate hike projected by the end of this year Three rate hikes penciled in for 2019 Fed removes… Read More

The economic calendar for the week ahead remains relatively quiet. This puts extra focus on the Fed's meeting due this week on Wednesday. The FOMC will be releasing its monetary policy statement along with staff economic projections and a… Read More

The U.S. Senate confirmed the economist and President Trump's nominee Dr. Richard Clarida as the vice-chairman of the U.S. Federal Reserve. Dr. Clarida is a strategic adviser for Pimco since 2006, the bond fund manager, and a Columbia… Read More

Summary: Officials confident that the U.S. economic growth will remain strong Members cite concerns due to the impact of trade tariffs on the U.S. economy Higher tariffs could result in increased cost of input prices, officials… Read More

The U.S. Federal Reserve held its two-day monetary policy meeting last week which concluded on Wednesday. The central bank left interest rates unchanged as widely expected but said that the U.S. economy was "strong" maintaining the course… Read More

Daily Forex Market Preview - 08/08/2018 The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2… Read More

Daily Forex Market Preview, 01/08/2018 The markets were busy with lots of economic data on the tap. In the Eurozone, the flash inflation estimates showed that headline consumer prices increased 2.1% on the year ending June. This was above… Read More