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Preview of Apr 30 Meeting

Tue, Apr 29 2008, 09:48 GMT
by Marina Schiaffino

FXstreet.com



FedThe Federal Reserve will probably announce a 25 basis points rate cut on Wednesday to 2%, completing the seventh rate cut since august last year, pointing out to remaining concerns over the US slowdown.

Although for some experts there is still a possibility of a surprising decision, the fear of entering a recession later this year.

Check the effect that the meeting has over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table.

In-Depth Analysis: Fundamental

In-Depth Analysis: Technical

Related News

Analysts Comments

  • · Peter Rosentreich, chief market analyst at ACM:
    "Just hours before the FOMC announcement provisional estimates for Q1 GDP will be released. There are risks of a sharp rebound due to contribution from inventories, however slowing consumer spending, weak consumer confidence and declining job figures have us leaning to the weak side. As an intraday play we believe the GDP figures could be the real market mover. Should the figure surprise and point to the upside we should see a strong Usd rally before the Fed's meeting." - ACM
  • · Hans Nilsson, FX strategist at CMS Forex:
    "The dollar rose against most major currencies in NY trading Tuesday on speculation the Federal Reserve will signal a pause in lowering interest rates at FOMC rate decision meeting, and on increased concerns the US economic slowdown is spreading to other countries." - CMS Forex

Published on  Wed, Apr 30 2008, 10:18 GMT


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