The FOMC Minutes showed the markets what many investors have already known, in particular: Many Fed officials said 1 or more 50bps hikes may be warranted FOMC backs roll off cap phase-in of 3 months or modestly longer $95 billion month cap for asset runoff likely appropriate (markets were looking for $80-$100 billion) However, this […]
The post FOMC Minutes: Good Stuff, But Nothing Markets Didn’t Already Assume appeared first on Action Forex.
Summary United States: Data Came in Like a Butterball Anyone who has ever gobbled until they wobbled can tell you it can be challenging to digest too much at one time. In the financial world, Read more…
Bitcoin rebounds after hitting support near 90,600 This could mean that the bearish correction is over A break above 100,000 could signal uptrend continuation For the picture to turn bearish, a dip below 66,700 may Read more…
The Reserve Bank of New Zealand (RBNZ) cut its key interest rate by 50 basis points to 4.25%, bringing the total number of cuts in this cycle to 125. The move was in line with Read more…