The Fed's Sep meeting
2023-09-19
Summary:
On September 21, 2023 (Thursday) at 2:00, the September FOMC interest rate meeting of the Federal Reserve arrived.
The Fed's Sep meeting
21/9/2023 (Thu) 02:00
Previous (Aug): 5.50% Forecast: 5.50%
The Fed is widely expected to keep interest rates on hold this week. Policymakers have signalled a pause but they are ready to act again if inflation does not slow enough later on.
The focus will be on whether the central bank is done raising borrowing costs. If so that could put a brake on rising Treasury yields and the US dollar.
Petrol costs drove prices higher in August but core inflation continues to cool. Retail sales grew more than expected last month for the same reason.
Goldman Sachs said the world’s largest economy is likely to avoid a harsh downturn, but warned that inflation will be more persistent than market consensus.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Wall St rises but carmakers suffer
US stocks hit record highs on Tuesday, driven by a tech rebound and investor reactions to Trump’s tariff pledges and the latest Fed minutes.
2024-11-27
Bullion unchanged after Trump tariff vow
Gold prices held steady after Trump’s tariff announcement, dropping over 3% the previous day as Israel neared a ceasefire.
2024-11-26
Aussie Dollar Firmed Despite China Concerns
The Australian dollar edged higher Monday as the RBA remained hawkish, noting China's stimulus may have only a "modest" impact on Australia this time.
2024-11-25
