Fed Preview: What happened in the last June FOMC meeting?

James Harte, IMC Orbex

LFX analyst James Harte explains what was the outcome from the last Federal Reserve FOMC meeting in June. Be ready to July meeting after knowing what happened in the last one.

Fed cautious ahead of Brexit referendum
Warned that Brexit likely to damage US & global economies
Growth forecast for remained of year revised lower
Inflation forecasts for remainder of year revised higher

Reaction:

USD sold off in response to meeting

Watch the full: July FOMC Rate Decision Preview & Live Market Analysis

Author

James Harte, IMC

Orbex

James Harte is a Market Analyst and Content Author at Orbex with over eight years’ experience in analysing and trading currency markets.

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