Tag Archives: FOMC

Fed prepares for tapering asset purchases

FOMC more optimistic on growth and employment, but slightly more concerned on inflation.

FX Daily Strategist: Europe

FOMC pushes the restart button on USD rally USD is sharply higher across the board after the FOMC policy announcement, moving in tandem with US yields,

Bernanke: soon, but not yet

Either market participants were positioned for a more downbeat FOMC or were determined to use the occasion to push yields and the USD higher.

Bernanke: Stimulus reduction in 2013, to end in mid 2014

Interest rate increase would not occur anytime soon. However, Bernanke said the reduction represents unanimity between the Committee members.

FOMC: interest rate rise after 2014

The FOMC ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and

USD to rebound if Chairman Bernanke can thread the needle Today’s FOMC meeting result at 18 GMT (2pm local) will be accompanied by updated economic projections and followed by an 18:30 GMT press conference.

Daily FX Update

TIGHT RANGES FOR MAJORS AHEAD OF FED EVENTS • USD rangebound vs peers ahead of statement, projections, press conf.

US Morning Update

Major overnight headlines: • Japan’s Abe affirms G8 leaders “appreciate” Abenomics, no concerns over Japan’s policy at G-8, Thomson Reuters

The Global Macro Pulse

Overnight Price Action The 0.8% rise in the S&P overnight has helped the Nikkei to rally 1.3%,

FX Daily Strategist: Europe

FOMC meeting is today’s main focus

Today’s FOMC meeting remains a key focus. We do not expect the Fed to change its policy settings at this meeting (7pm BST).

The 18-19 June FOMC meeting remains a key focus in financial markets

USD positioning ahead of the 18-19 June FOMC meeting remains a key focus in financial markets.