FOMC Minutes in the limelight today - Nordea Markets
|On Thursday, the minutes of the most recent FOMC meeting will be published and will be a key release for markets, according to analysts at Nordea Markets.
Key Quotes
“The Fed lifted its IOER rate by only 20 bp in June, even as it hiked the target range for the effective Fed Funds rate by 25bp. The Fed opted for this technical change as a result of unexpected upward pressures on the effective Fed Funds rate in recent months.”
“Minutes may contain further clues on how the Fed might react should the upward pressures on the EFF rate continue. If the Fed delivers according to the dot plot, we expect the fair value of the 10yr Treasury yield to rise to the range of 3.25%-3.50%, once/if the trade war fog dissipates. We still see signs that the USD could continue to perform in the current environment.”
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.