Category Finance

Here is the July 31 FOMC statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent…

Bowman dissents in 11-1 voteNo change to QE, as expectedEconomists widely expected a 25 bps cutFed funds futures priced the likelihood of 50 bps at 59%Fed funds were in range of 5.25% to 5.50% before the decisionNow says: The Committee has gained greater confidence that inflation is moving…

The full statement from the September 2024 rate decision: September 18, 2024 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved…

Here is the dot plot from June 2024: Here is the dot plot from September 2024: Below is the table economic forecasts for GDP, Unemployment, PCE inflation and Core PCE inflation. This article was written by Greg Michalowski at www.forexlive.com.

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The USDCAD has been trading in a sideways pattern even though CPI data out of a Canada yesterday was weaker than expected. The unemployment rate is also moving higher with that at the highest level since 2017 (if you take out the spike from 2020 to 2021). The…

The GBPUSD did make a run to the upside in the early US session and in the process extended above a swing area between 1.3221 and 1.3230. I talked about that area in the earlier video starting at the 7-minute mark. The move above that level extended the…

The major US stock indices are trading within 0.03% of unchanged as the market calmly wait for the FOMC rate decision at 2 PM ET. The S&P index reached a high price today of 5642.84. Yesterday, a new all-time high price was reached intraday at 5670.82. The high…

I had a chance to speak with TradeGateHub earlier today about the FOMC decision, how to trade it and what I’m thinking about in terms of global growth. We also touched on CAD, precious metals, energy and the outlook for stock markets. The main takeaway for today is…

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