FOMC

The financial markets saw a frothy month in October despite lack of any clear fundamentals. The U.S. equity markets took a nosedive on concerns that the accelerated pace of inflation could speed up the Fed’s rate hike plans. However, the…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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