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Thread: Market View

  1. #21
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    The FOMC decision was, as expected, an on-hold one. The statement, too, was little changed, although markets made a microscopic change of any tweaks in the language.

    The key changes singled out were (1) the elimination of the word "recently," referring to the decline in inflation, suggesting there's some concern the weakening will be more long lasting; and the removal of the word "somewhat" from the phrase describing that inflation is "running somewhat below 2%"; and (2) regarding tapering. The FOMC said it expects to begin normalising the size of its balance sheet “relatively soon”, compared to “this year” in the previous statement. implicitly the chances of a September rate hike are close to nil and deferring until December."
    Last edited by Yousuf Ali; Yesterday at 02:46 AM.

  2. #22
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    The U.S. economy is expected to show an improvement in the second-quarter, with the release of preliminary GDP figures due Friday, as economist forecast GDP grew at an annualized rate of 2.5% in the second quarter from the first, when it increased just 1.4%.
    The GDP data comes a few days after the Federal Reserve stood pat on interest rates, leaving its benchmark rate at a target of 1.00-1.25% while expressing concerns about the slowdown in inflation.

 

 
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