16 March, 2016 by The TZ Newswire Staff Comments Off on Yellen statement: Economic growth appears to have picked up since Q4
Yellen statement: Economic growth appears to have picked up since Q4
Opening statement from Yellen
– Wage growth yet to show sustained pickup
– With gradual rate rises, economy will grow
– Inflation expected to rise to 2% over next 2-3 years
16 March, 2016 by The TZ Newswire Staff Comments Off on Fed funds futures push next rate hike to July: CME
Fed funds futures push next rate hike to July: CME
Thirty-day Fed Fund futures prices are widely considered a bellwether of U.S. monetary policy changes.
16 March, 2016 by The TZ Newswire Staff Comments Off on USDJPY tests trend line/midpoint of move up from Feb 24 low
USDJPY tests trend line/midpoint of move up from Feb 24 low
The midpoint comes in at 112.79
The USDJPY is also getting hit on the back of the dollar selling after the FOMC decision. The pair is testing trend line support and the 50% of the move up from the Feb 24 low . That level comes in at 112.79.
16 March, 2016 by The TZ Newswire Staff Comments Off on Watch Yellen’s press conference live
Watch Yellen’s press conference live
Yellen to speak in FOMC press conference
If you’re having trouble, watch Yellen
here
16 March, 2016 by The TZ Newswire Staff Comments Off on Dollar dumped as Yellen jumps back on the dovish wagon
Dollar dumped as Yellen jumps back on the dovish wagon
You’ve to hand it to her
Dovish Janet is back. She sailed through a hike, left as long as possible, and now it’s back on the dove train.
The FOMC are not buying into the higher inflation and jobs gains are expected to keep trucking despite the clouds they see on the horizon.
16 March, 2016 by The TZ Newswire Staff Comments Off on Fed leaves rates unchanged, sees 2 hikes this year
Fed leaves rates unchanged, sees 2 hikes this year
A dovish Fed held the line on interest rates and substantially scaled back its expectations for further moves ahead.
16 March, 2016 by The TZ Newswire Staff Comments Off on Here Are The "Dots" – Fed Downgrades Economic Outlook, Sees Just Two Rate Hikes In 2016
Here Are The "Dots" – Fed Downgrades Economic Outlook, Sees Just Two Rate Hikes In 2016
Back in December, the overoptimistic Fed predicted 4 rate hikes in 2016. Just a few weeks later, the Fed Funds futures said “no way”, when markets crashed, and said the Fed was dead wrong, expecting zero rate hikes in 2016. Since then the market has picked up modestly and now expects at least one more rate hike in 2016. So what does the Fed say now?
Well, as a result of another cut to the economic forecast, one which now sees 2016 GDP at 2.2% vs 2.4% previously, and a drop in inflation from 1.2-1.7% to 1.0-1.6%…