The Fed left policy rates unchanged at 3.75-4.00% at its October meeting, in line with consensus and our expectations. Two members dissented, voting in favour of a rate hike. Even though the market reaction was to the dovish side, we read Warsh’s comments on the economic outlook as hawkish. Therefore, we think the case for […]
The post Fed Review: Fed Pauses, But Tightening Cycle is Not Over appeared first on ActionForex.
New Zealand’s ANZ Business Confidence Index edged up from 51.9 to 52.5 in October, showing continued resilience despite the renewed oil-price shock. Reported past activity improved from 10.8 to 15.0, indicating that more businesses experienced Read more…
No change in October, though confidence in the economy’s strength and two dissents point to a hike in December. The FOMC held at their October meeting, albeit with two dissents, Governor Cook and Cleveland Fed Read more…
The Federal Open Market Committee approved the following statement for release by a 10 – 2 vote: The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, Read more…