News | Forex Optimum

News

News

Expecting a generally hawkish tone from this week's FOMC minutes - BofAML

Bank of America Merrill Lynch Global Research discusses its expectations for this week's FOMC minutes. 

"The minutes of the November FOMC meeting will be released on Wednesday. We expect a generally hawkish tone as FOMC officials agree that the current stance of policy is sufficiently accommodative. The airwaves have recently been filled with comments from Fed officials, including from Fed Chair Powell's testimony to Congress. The Fed believes that rates have been cut enough to provide a cushion against negative shocks. We suspect that there will be a discussion in the minutes of whether the Fed has cut too much. Either way it will be clear that the majority of Fed officials think that policy is supportive. They will likely reiterate the message that there would need to be a "material reassessment" of the outlook in order to adjust rates in either direction. We may get a bit more perspective from the minutes on what constitutes such a change of view. In addition to the discussion about rates and the risks to the economy, we think Fed officials will also talk about the concerns over the implementation of policy, including the optimal size of the balance sheet," BofAML adds.

You may also be interested:

02:30 16.12.2019
Schedule for today, Monday, December 16, 2019
Time Country Event Period Previous value Forecast 00:30 Japan Manufacturing PMI
19:11 13.12.2019
U.S. retail sales mixed, but for the most part disappointing – Wells Fargo
Analysts at Wells Fargo note that data released today showed that retail sales in the U.S. rose 0.2% in November, below expectations“This is not the report we needed for our upbeat holiday sales forecast to be accurate. November Retail sales were mixed, but for the most part disappointing. The headline increase was just 0.2%, well short of the 0.5% expectation, although the prior month’s figures were revised higher, which softened the blow. Auto sales rose 0.5%, the second straight monthly
18:49 13.12.2019
USTR press statement on phase one trade deal with China
United States and China Reach Phase One Trade Agreement12/13/2019Washington, DC –  The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.  The Phase One agreement also includes a commitment by China that it will make
Deposit
options
Trading
platform
download
Bonuses VIP