FOMC

The U.S. chief economist at Societe Generale is not expecting Federal Reserve Chair Powell to push back too hard against expectations of 100bp or so of rate cuts in 2024 from the FOMC. "I just don't see the Fed pushing back super-hard. It…

FRI: Quad Witching, EU Council (2/2), CBR Policy Announcement; UK GfK (Dec), Chinese Retail Sales (Nov), EZ/UK Flash PMIs (Dec), EZ Trade (Oct), US NY Fed Manufacturing (Dec).NOTE: Previews are listed in day order UK Jobs (Tue): Consensus…

A note from Oxford Economics cited by Dow Jones / Market Watch. The chief US economist at the analyst firm says that bond and stock market moves in November, the big rallies in each, has made financial conditions much looser again:"The…

It's premature to say that mon pol is restrictive enoughFed will raise rates if needed to lower inflationFed is making rate decisions meeting by meetingUncertainty over economic outlook is 'unusually elevated'Fed funds range well into…

US DOLLAR, EUR/USD KEY POINTS POST FOMC MINUTES:MOST READ: Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark?The US Federal Reserve released the minutes of the November FOMC meeting a short while ago with no real…

Gold, Silver AnalysisGold eases after last week’s advance – quieter week on the economic calendarFOMC minutes and reports of a new phase in the Israel-Hamas war present potential catalystsSilver encounters a challenge at channel…

Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct)Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct)Wed: UK Autumn Statement, Dutch Elections; US IJC (13 Nov…

Federal Reserve Bank of Philadelphia President Patrick Harker:Says he supported the steady interest rate stance at latest FOMC meetingFed will stay higher for longer, no sign of near-term rate cutsNow is a time to take stock of past rate…

US Dollar (DXY) News and AnalysisFed holds interest rates but nods to ever tightening conditionsAre U.S. treasuries signaling a peak in interest rates?Markets turn to fundamental data to gauge the effect of restrictive policyThe analysis in…

It’s FOMC statement time and once again, expectations are high that there will be no changes to interest rates. Here are major points you need to catch up on if you’re planning on trading the event: Event in Focus: Federal Open Market…