The FOMC delivered a 25bp increase in September to limit secondary inflation risks from energy prices and strength in domestic investment. Members should follow up with a second 25bp hike in October to give participants confidence inflation will return to target in a timely manner. November’s election is a risk to this timeline, however. The […]
The post The FOMC Seeks a Timelier Return to Target appeared first on ActionForex.
New Zealand GDP growth slowed from an upwardly revised 0.9% to 0.2% quarter on quarter in the June quarter, slightly exceeding expectations for a 0.1% increase. Nine of 16 industries expanded, while GDP per capita Read more…
Key Highlights GBP/USD turned red and dipped below the 1.3500 pivot level. A major bearish trend line is forming with resistance at 1.3510 on the 4-hour chart. Bitcoin struggled, dipped below $76,500, and might decline Read more…
The Fed raised rates by 25bp to 3.75-4.00%. All members voted in favour. This was more hawkish than we expected, as we saw a risk that 2-3 members would favour unchanged rates. Warsh repeatedly highlighted Read more…