Brief expectations for the FOMC December policy meeting Overall, the consensus expects a dovish hike with the focus on any change in the ‘dot plot’ for 2019. For the USD, such an outcome seems to be partially reflected in the price in the run up to the meeting, indicating a scope for limited reaction if the meeting’s…
What to look out for 1) Whether rates rise to 2.25%-2.50% or they remain at 2.00%-2.25% This is the big one. A hike is 72% priced in but that leaves plenty of room for market reaction.
The statement released November 8, 2018: (I’ve highlighted some areas to watch) Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that . Job gains have been strong, on
Commerzbank of the FOMC decision Analysts at Commerzbank expect the Fed to hike today and believe the kneejerk reaction will be a ‘significant’ positive for the US dollar, at least on the kneejerk.
A look at what the market is expecting Market participants are leaning towards the Fed hiking rates today. The implied odds have drifted up to 72% from 70% earlier today and as low as 62% at the start of the week.
Also, People’s Bank of China injecting funds again today via OMOs Net 60bn yuan added ForexLive
Further comments by ECB member Ardo Hansson ForexLive Well, taking his comments at face value would mean that the baseline would equate to the central bank’s latest forecasts released last week .
ECB member Ardo Hansson comments in Tallinn ForexLive
Comments by outgoing ECB member Jozef Makuch departing his post as Slovak central bank governor at the start of March ForexLive Looking at the Citi economic surprise index for the Eurozone, it is slumping again recently as economic data releases continue to disappoint relative to market expectations (which aren’t exactly high to begin with for…
ECB member Olli Rehn comments – Says that ECB should consider reviewing policy framework ForexLive Nothing new in the comments from Rehn here. Will update if he touches on anything significant, which is unlikely.