In case you missed it... 🇺🇸 FOMC Minutes Preview▶️ 💰 Gold Price Forecast▶️ 📳 Trading on centralized exchanges grows in Q2▶️ Forex Crypto
y, July 5. They will provide valuable insights into why the central bank decided to take a pause in its hiking cycle and what is the potential for more rate hikes in the near term.
According to the economic projections from FOMC members, the terminal rate projection for the end of 2023 was revised upward to 5.6% from 5.1% in March. These projections imply that there could be two more 25 basis point rate hikes before the end of the year. Fed Chair Jerome Powell has reiterated this forecast every time he has spoken publicly, including twice before the US Congress and during conferences in Sintra and Spain. This hawkish perspective has been bolstering the US Dollar.
According to the CME FedWatch Tool, the probability of a rate hike at the upcoming July 25-26 meeting is currently above 85%, and it also shows an increasing expectation of another rate hike before the end of the year. This represents a complete reversal from market expectations just months ago.During the June post-meeting press conference, Powell stated that "nearly all policymakers view some further rate hikes this year will be appropriate.
"By taking a little more time on tightening, we reduce the chance of going too far," mentioned the Fed's Chair, and the minutes are likely to contain similar comments. References to rate cuts are unlikely as Powell has explained several times that not a single member "wrote down a rate cut this year." The bond markets appear to have started to believe the Fed's stance that rate cuts this year "will not be appropriate," as Powell described.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/CHF retreats from 0.8970 ahead of US Employment and FOMC minutesThe USD/CHF pair has witnessed extreme selling pressure after a less-confident pullback to near 0.8970 in the early London session. The Swiss Franc as
Baca lebih lajut »
Federal Judge Limits Federal Government's Contact with Social Media CompaniesIn another legal victory for Republicans, a federal court in Louisiana has limited the Biden administration’s communication with social-media platforms.
Baca lebih lajut »
Spider-Man #10 Preview: Sparks Will Fly, Mainly At SpideyGet ready for a high-voltage showdown in Spider-Man 10 landing this Wednesday. Will Spidey survive or will Electro leave him shocked? Don't miss out on this electrifying tale! SpiderMan ComicPreview MarvelComics
Baca lebih lajut »
Knight Terrors: Poison Ivy #1 Preview: Pam's Perfectly Pleasant PrisonDon't be fooled by the smiles and pie in Knight Terrors: Poison Ivy 1. Something's hidden in Pamela Isley's perfect neighborhood. Discover the thorny truth July 4th. DCComics KnightTerrors PoisonIvy
Baca lebih lajut »
Knight Terrors: Ravager #1 Preview: Nightmare Daddy IssuesExperience the mind-bending struggles of Rose Wilson in the must-read Knight Terrors: Ravager 1! Are you ready for the twist on July 4th? KnightTerrors Ravager NewComicTuesday BleedingCool
Baca lebih lajut »
Venom: Lethal Protector II #5 Preview: More Like a Symbiote SnareExperience the excitement of Venom Lethal Protector II 5's impending release! With the fate of the world at stake, will Venom fall into DOOM's trap? Get ready for doomsday as the final battle hits stores this Wednesday. Marvel ComicLaunch
Baca lebih lajut »