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Fed Meeting Review

Thu, Mar 22 2007, 10:59 GMT
by Marina Schiaffino

FXstreet.com

Fed Meeting Review

The Fed has left interest rates unchanged at 5.25%; and the Dollar is currently coming under pressure as the Fed's retoric looks to be more on the dovish side this time, according to the majority of analysts. On the minutes there can be read that its "predominant policy concern remains the risk that inflation will fail to moderate as expected."

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

• Read the full FOMC statement
• View the past interest rates data on our Economic Time series
• The Advisor Blog: It had to be the Fed

In-Depth Analysis

• FOMC: Moving towards neutral by Danske Bank A/S
• Daily Fx Strategy - FOMC Reevaluation Clears Way for Fresh JPY Longs by CMC Markets NY
• Daily Forex Strategy Briefing - Investors Pare Forecasts for Fed Rate Cuts by CMS Forex
• Daily Analysis - Dollar rebounded from a two-year low versus the euro on Fed outlook by Finotec Group Inc.
• Start the Day - Fed drops the tightening bias at FOMC meeting yesterday by Mizuho Corporate Bank
• Global FX Daily: European Edition - FOMC drops reference to possibility of additional policy firming, but still sees upside inflation risks by Mellon Foreign Exchange
• Forex Daily Analysis - USD rebounding after a long bearish week by ForexYard
• Wakeup Call on Forex Markets - USD bearish FOMC Statement by Saxo Bank
• Daily Forex Commentary - Door left half open by Jyske Bank
• Daily Forex Technical Report - Focus on Fed Speakers after Dovish FOMC by ActionForex.com
• Currency Journal: USD slips on dovish Fed statement by Performance Capital
• Asia Market Update - Asian equities rally after Fed drops tightening bias by Trade The News
• Daily Forex Strategy Briefing - FOMC Softens Tightening Bias by CMS Forex
• Daily Analysis - Dollar fell to a two-year low as Fed dropped tightening bias by Finotec Group Inc.
• Daily Market Briefing - Federal Reserve Turns Slightly Dovish, Keeps Rates Unchanged At 5.25% by FXCM
• Daily Global Commentary - March FOMC Meeting: Inching Toward Neutral by Northern Trust
• US Trading Preview - The dollar lost ground against the majors on Wednesday after the FOMC change its policy statement by Forexnews.com

Related News

• Bernanke: credit key to healthy economy (AFX News)
• European govt bonds higher on dovish Fed statement (AFX News)
• Dollar stable after overnight drop on Fed's soft wording (AFX News)
• US dollar mixed in Singapore afternoon trade as market mulls Fed's words (AFX News)
• Fed concerned about growth and inflation (AFX News)
• Dollar regains some ground in Sydney afternoon trade after FOMC meeting (AFX News)
• Fed holds the line on interest rates (AFX News)
• Dollar Slumps To 2-year Euro Low As Fed Drops Tightening Bias (Dow Jones)
• Text Of FOMC Statement (Dow Jones)
• Fed keeps interest rates at 5.25 percent (AFX News)
• Fed leaves interest rates unchanged (AFX News)
• Fed leaves rates unchanged at 5.25 pct for fifth consecutive meeting (AFX News)
• Full text of the Federal Reserve's statement following today's meeting (AFX News)
• FOMC holds funds rate at 5.25% (FXstreet.com)
• THE FED: Fed Holds Rates Steady, Sees Inflation Elevated (Dow Jones)

Analysts' comments

• Quincy Krosby, chief investment strategist at The Hartford:
  "While it did not provide the dovish statement that perhaps the equity market is craving, I think it did a bit to assuage the equity market‘s concerns that the Fed understands there is a possibility that the drag on the consumer could bring GDP down below where they expect." - AP
• Ian Shepherdson, chief US economist at High Frequency Economics:
  "This is a grudging removal of the tightening bias." - MarketWatch
• David Wyss, chief economist at Standard & Poor's:
  "The Fed is caught right now. The inflation numbers are looking worse, but on the other hand, the economy is looking softer." - The Associated Pres
• David Jones, chief economist at DMJ Advisors:
  "This is a less favorable inflation environment and a less favorable economic environment, they have got to let the dust settle on this very mixed picture before they do anything." - AFX News
• Lynn Reaser, chief economist at Bank of America's Investment Strategies Group:
  "The needle has shifted a little more to the center. I think they are more open to easing rates than they would have been several months back. They are moving away from the notion there could only be a rate increase." - The Associated Press

Published on  Fri, Mar 23 2007, 08:58 GMT