Fed lifts U.S. rates by quarter percentage point

The U.S. Federal Reserve raised interest rates on Wednesday, as expected, and left its monetary policy outlook for the coming years largely unchanged amid steady economic growth and a strong job market. In a policy statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. It still foresees another rate hike in December, three more next year, and one increase in 2020. Read More @ https://www.reuters.com/article/us-usa-fed-instantview/instant-view-analysts-react-to-fed-rate-hike-idUSKCN1M62N9

Hong Kong Intervenes Again to Defend Peg as Dollar Advances

Hong Kong intervened again to defend its currency peg as the greenback rallied after U.S.-China trade talks yielded no progress. The Hong Kong Monetary Authority bought HK$1.77 billion ($225 million) during New York trading hours on Thursday, according to the de facto central bank’s page on Bloomberg. That came as the city’s currency touched the weak end of its permitted trading band at HK$7.85 for a third session Friday. The aggregate balance will fall to HK$91 billion on Aug. 27. The trade talks between the world’s two biggest economies wrapped up on Thursday with no major progress, hours after Beijing and Washington rolled out their latest round of tariffs. The Bloomberg Dollar Spot Index jumped the most in six weeks, while the Hong Kong benchmark Hang Seng Index fell for a second day on Friday. Read more @ https://www.bloomberg.com//news/articles/2018-08-24/hong-kong-intervenes-again-to-defend-peg-as-dollar-strengthens

WHAT IS BLOOM CHART SAYING- VALUE TO INVEST?

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.

0 Comments

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Your email address will not be published.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  |  ©2019 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?