The Federal Reserve raised rates as widely expected and left the dot plot unchanged. It made its efforts not to rock the boat. But things are never too stable. What’s next? Here is their view, courtesy of eFXnews: CIBC Research discusses the reaction to today’s FOMC decision. The baby steps continue, with today’s Fed rate [...]
The post Fed: Baby Steps Continue With A Shade Of Dovish Tone On 2 ‘Big ‘No’ – CIBC appeared first on Forex Crunch.
The Federal Reserve is expected to raise the interest rates. This is well telegraphed. Will they change the dot-plot for 2018? Currently, they foresee three hikes next year, just like the three moves this year. However, markets are sceptical about the rate hikes given the weak inflation. Today’s report was especially poor. See the full [...]
The post Fed Hike Live Blog December 2017 appeared first on Forex Crunch.
Summary: Japan’s gross domestic production expanded at an annual pace of 2.5% in the third quarter Revised GDP estimates higher than previous estimates of 1.4% GDP lifted by increased activity in exports and business spending Business spending rose 1.1% from the previous quarter Private consumption remained weak, falling 0.5% and unchanged from previous estimates Net [...]
The post Japan GDP revised higher to 2.5% in Q3 appeared first on Forex Crunch.
