Fed raises 2018 outlook for US economy

The Federal Reserve hiked the Fed funds target rate by 25 bp as universally expected, and signaled two hikes are likely to be appropriate in the second quarter.  It was very close call in March, and here in June, one policymaker went from one hike to two.  That is the source of the change. As Chair Powell indicated, most forecasts were unchanged since March.
The FOMC is still looking at a terminal rate of 3.375% in 2020. The path has been tweaked slightly in today’s Summary of Economic Projections.
The Fed upgraded its economic assessment, though it still sees the 4.5% as full employment. The rate currently stands at 3.8%.  This appears to be a hawkish sign, suggesting that the Fed funds rate may have to go above neutral at some point.  The FOMC statement is evolving in this direction.  The assessment that rates would remain below long-run levels “for some time” was taken out of the statement.  Still, the Fed describes its current stance as accommodative.  The median forecast sees the Fed funds above the long-term average in both 2019 and 2020.
  • Economic activity has been rising at a “solid” rate, the Fed’s statement said, marking an upgrade from “moderate” in the previous statement.
  • The median real GDP forecast rose to 2.8 percent, up from 2.7 percent, for this year.
  • Policymakers also lowered their expectations for the unemployment rate. Read More @ https://www.cnbc.com/2018/06/13/fed-raises-2018-outlook-for-us-economy.html

As Fed jacks up rates, bond market warns of potential for economic weakness

  • The Fed raised interest rates as expected by a quarter point so that its fed funds target range is now 1.75 to 2 percent.
  • But more importantly, the Fed raised its forecast to include a fourth rate hike for this year, ending the debate on a divided Wall Street about whether it would raise interest rates three or four times this year.
  • Treasury yields rose but the yield curve flattened to its lowest level since September 2007 after the Fed announcement, signaling fears of future economic weakness. Read More @ https://www.cnbc.com/2018/06/13/as-fed-jacks-up-rates-bond-market-warns-of-potential-for-economic-weakness.html

IN REGARDS TO TRADE – Alan Greenspan on trade: The notion that foreigners are ripping us off is ‘nonsense’

Former Federal Reserve Chairman Alan Greenspan sharply disputed the notion the U.S. was being ripped off by other countries because of its trade deficit. The former central bank chief told CNBC that President Donald Trump has the situation “reversed” as it pertains to global trade issues. Asked if he thought the country was in a trade war, Greenspan told CNBC’s Sara Eisen that “we’re on the edge. I think we should be very sad if we do, because the presumption is that foreigners are ripping us off. It’s nonsense.” However, the man nicknamed “The Maestro” for the way he handled central banking policy said he does not think the tit-for-tat tariffs between the U.S. and its trading partners will put much of a dent in an economy that appears to be running at a 3 percent or more growth rate. In fact, he expressed support for some of what Trump is doing regarding fiscal policy. Read More @ https://www.cnbc.com/2018/06/13/alan-greenspan-on-trade-the-notion-that-foreigners-are-ripping-us-off-is-nonsense.html

WHAT IS THE USD INDEX SAYING?

USD takes a breather after a huge move this morning; pullback for profit taking have already started – the price will go to $93 before the next upward movement. Overall the USD will go higher but in a moderate movement.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES TODAY.

  1. 9.00am – AUD will go to action with Inflation expectations – expected to be good.
  2. 9.30am – Australia will release their employment rate and is expected to be weak – but we think otherwise. We BUY AUD.
  3. 10.00m – China will release Fixed Assets Investment, Industrial Production and Retails sales – expected to be little or no change.
  4. 2.00pm – Germany & France will release CPI which is going to create good volatility – no change is expected however if there is any change from expectation the euro will react.
  5. 4.30pm – UK data have been weak the last 2 week surprisingly – UK will release Retail sales and is expected to be weak.
  6. 8.30pm – ECB goes to action – EURO is widely expected to gain. Hawkish statement is expected from ECB.
  7. 8.30pm – US will also release their data retail sales and employment claims. Little or no movement.
  8. 10.00pm – US will release their Business Inventories – expected to be good.

Overall USD will dominate the market this year; however ECB also have a wild card together with Japan with their QE & Loose monetary policies. The moment they tighten their monetary policies there will be huge impact between US – EURO & JPY. The market stays fragile even though USD looks like the blue eye boy!! – BE CAUTIOUS AND ALWAYS HAEV GOOD MONEY MANAGEMENT IN PLACE.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

23 Comments
  1. storno brzinol 5 months ago

    I’ve learn several good stuff here. Definitely value bookmarking for revisiting. I surprise how so much effort you place to create any such magnificent informative site.

  2. I’m still learning from you, as I’m improving myself. I absolutely liked reading all that is written on your website.Keep the posts coming. I enjoyed it!

  3. New face plasztika 5 months ago

    It is in reality a nice and useful piece of information. I am glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.

  4. why web hosting 3 months ago

    Great beat ! I would like to apprentice whilst you amend
    your web site, how could i subscribe for a weblog site?
    The account aided me a applicable deal. I have been tiny
    bit familiar of this your broadcast provided shiny clear idea

  5. tinyurl.com 3 months ago

    Hey there, You have done a fantastic job. I will definitely digg it and personally recommend to my friends.
    I’m sure they’ll be benefited from this site.

  6. t.co 3 months ago

    I enjoy what you guys tend to be up too.
    This sort of clever work and coverage! Keep up the
    fantastic works guys I’ve added you guys to my personal
    blogroll.

  7. asmr or 3 months ago

    I think this is one of the most significant information for me.

    And i am glad reading your article. But should remark on few general things, The website style is perfect, the articles is
    really nice : D. Good job, cheers

  8. scoliosis surgery off 3 months ago

    I am no longer certain the place you are getting your information, however good topic.
    I must spend some time finding out more or understanding more.
    Thank you for excellent info I used to be looking for this info for my
    mission.

  9. bitly.com 3 months ago

    I love reading through an article that will make men and women think.

    Also, thank you for permitting me to comment!

  10. in asmr 3 months ago

    Wonderful site. A lot of helpful information here.

    I am sending it to some friends ans also sharing in delicious.
    And certainly, thanks for your effort!

  11. http://bitly.com 3 months ago

    Thank you for sharing your info. I truly appreciate your efforts and I
    will be waiting for your further post thank you once again.

  12. Sweet blog! I found it while searching on Yahoo News. Do you have
    any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never
    seem to get there! Many thanks

  13. of quest bars 3 months ago

    Fantastic goods from you, man. I have understand your stuff previous
    to and you are just extremely magnificent. I actually like what you’ve acquired here, really like what you’re saying and the way in which you say it.
    You make it entertaining and you still care for to keep it wise.
    I can’t wait to read much more from you. This is actually a terrific
    web site. quest bars http://bitly.com/3jZgEA2 quest bars

  14. Greetings! Quick question that’s entirely off
    topic. Do you know how to make your site mobile friendly?

    My weblog looks weird when browsing from my iphone4.
    I’m trying to find a template or plugin that
    might be able to resolve this issue. If you have any recommendations, please share.

    Many thanks! asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  15. tinyurl.com 3 months ago

    hello!,I like your writing very a lot! percentage we be in contact extra about your post on AOL?

    I need a specialist on this area to solve my problem.
    May be that is you! Taking a look forward to see you.
    cheap flights http://1704milesapart.tumblr.com/ cheap flights

  16. http://bitly.com/ 3 months ago

    Do you have a spam issue on this website; I also
    am a blogger, and I was wanting to know your situation;
    we have developed some nice methods and we are looking to swap techniques with other folks,
    why not shoot me an email if interested. ps4 https://j.mp/3z5HwTp ps4

  17. bit.ly 3 months ago

    This post is genuinely a pleasant one it helps new
    the web people, who are wishing for blogging. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  18. Thank you, I’ve recently been searching for information approximately this subject for a long time and
    yours is the best I’ve found out so far. But, what about the conclusion? Are you sure concerning the supply?
    scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  19. www.iherb.com 3 months ago

    My coder is trying to persuade me to move to .net from PHP.

    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using WordPress
    on various websites for about a year and am nervous about switching
    to another platform. I have heard fantastic things about blogengine.net.

    Is there a way I can import all my wordpress posts into it?

    Any kind of help would be really appreciated! quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  20. Hello there, I found your web site via Google while searching for a related topic, your web site came up, it looks good. I have bookmarked it in my google bookmarks.

  21. slot online daftar 2 months ago

    I am also commenting to make you be aware of what a notable experience my cousin’s girl had visiting your web page. She realized such a lot of things, which include what it’s like to possess a great coaching spirit to have other individuals without problems learn about some tortuous subject matter. You really did more than visitors’ desires. Thanks for providing those practical, trusted, educational and as well as fun guidance on that topic to Mary.

  22. and ps4 games 1 month ago

    Hey! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me.

    Anyhow, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!

  23. in ps4 games 1 month ago

    Everyone loves what you guys tend to be up too. This sort of clever work
    and coverage! Keep up the wonderful works guys I’ve incorporated you guys to my
    personal blogroll.

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?