The FOMC meeting begins today and traders will wait for tomorrow’s conclusion to see what the FED will do with rates.
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In a press release yesterday, White House economic advisor Peter Navarro asked investors to be patient regarding the trade negotiations.
Nearly 300 real estate professionals joined us in Orlando for our Global Welcome Reception - an evening of networking, connections, and international collaboration.
US Consumer Confidence slipped to 102.90 (from 106.0), confirming the second successive monthly decline and missing an expected increase to around 108.5.
Market-implied probability favors a 25bps hike as we near a likely terminal rate (sufficiently restrictive), but you would be wise not to put your house on it.
Ultimately, the Fed delivered broadly in line with market expectations yesterday afternoon, raising US rates by 25bps to a target range of 4.75 – 5%.
After posting its fourth-straight weekly gain last week, the US Dollar is pushing higher this morning and trading at a five-week high as markets digest last week's US inflation numbers and the latest concerning economic headlines out of China.
The U.S. dollar index edged up on Wednesday after rising 1.4% the previous session.
The Dollar is back in the green this morning after dropping 0.2% yesterday as traders gear up for major US data releases over the course of the week, beginning with tomorrow's GDP and ADP employment reports.
Following Friday's decline, the U.S. dollar Index (DXY) rose to begin the new week on a good note.
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