All eyes will be on the Fed Interest Rate Decision in U.S today

All eyes will be on the Fed Interest Rate Decision in U.S today

The FOMC publishes a statement and updated projections in Yellen’s ensuing press conference. 

The Federal Reserve will conclude their meeting with the announcement of their interest rate decision. The FOMC meeting that is almost certain to generate a rate hike decision will shape market. The target of 1-1.25%; which has been so expected. It will be significant in the press conference, what the Fed says about their plans for the balance sheet and how many more rate hikes the bank might be looking at before the end of the year.

Three rate hikes this year is almost totally in prices but four rate hike expectations, though unlikely, or a possible timing for balance sheet squeeze may create excessive volatility in global financial markets. Larger paces should also not be ruled out although investors are attaching lower probability for 50 bps hikes, mainly due to lower than expected labor market data and other growth indicators.

14 Jun 17 (Wed)

03:43 pm



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