FOMC: Funds profile raised – ANZ
|Analysts at ANZ note that the US Fed raised rates 25 bps, indicated two more hikes this year and three more in 2019.
Key Quotes
“The revised interest rate profile comes amid a solid growth outlook and greater confidence that inflation is converging on target.”
“The Fed’s projections imply a sustainable attainment of the Fed’s dual mandate of full employment and 2.0% inflation. The longer run projections were unchanged with trend growth estimated at 1.8%, unemployment at 4.5% and inflation at 2.0%.”
“Fed Chairman Powell confirmed that the Fed will hold a press conference after every FOMC meeting starting in January 2019.”
“In another change, the IOER will now be set 5 bps below the upper limit of the fed funds target range, in a purely technical move. Today the IOER was increased 20bps.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.