FOMC

In what is setting up to be the Historic event of the year, the US Federal Reserve prepares for its very first rate hike in over 9 years. With most of the economic data done with, the stage is set for the Fed to hike interest rates by 25bps…
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The October FOMC meeting minutes which were released yesterday showed a consensus being built among the Fed members as the December rate hike decision looms. Most of the Fed members were of the opinion that the US economy was ready for a…
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Friday's US jobs reports posted strong numbers overall, with the average monthly jobs gaining 271k, beating a conservative estimate of 181k average. The monthly unemployment rate also dipped a tick lower to 5.0%, indicating full employment,…
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The last week of October saw a lot of major events taking place, mostly in the likes of the Central bank decisions which has continued to keep the markets uncertain and volatile therefore. The US Federal Reserve, the Reserve Bank of New…
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The US Fed is scheduled to announce its rate decision today. US Federal may struggle to convince skeptical investors it can tighten monetary policy before the end of the year, after a spate of dismal data on the US, igniting speculation the…
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The much anticipated, over hyped event is due later this evening at 1800 GMT. The US Federal Reserve will be releasing the following: FOMC Economic projections FOMC statement Fed Funds rate (or Interest rates) The release…
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The Fed's meeting minutes from the FOMC meeting of July 28/29th offered no real clues into the possibility of a rate hike in September. The main theme from the FOMC meeting minutes was that while most members believed that the 'conditions…
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Lawmakers in Greece approved a deal for the country’s third bailout, which could unlock the country to receive new loans worth billions of Euros. The Eurozone finance ministers approved the first tranche of 26 billion Euros as part of the…
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In the US, Fed has decided with 100% of votes that the interest rate should be kept at the same level as in the past months. Although the decision was widely debated in the statement, there are no hints about a future lift-off. The target…
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The second quarter advance GDP estimates is due for release later this evening. Heading into the event, the market consensus is for the US GDP to have grown at a pace of 2.6% during the second quarter, up from a dismal -0.2% contraction…
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