Fed still expects 3 rate hikes this year, but will pick up the pace in 2019
The Federal Reserve said Wednesday that it sees the federal funds rate at 2.1 percent by the end of 2018, unchanged from its December forecast. But the central bank raised its 2019 projection, saying it sees the benchmark rate at...
USD and NZD Weak ahead of FOMC and RBNZ, Sterling lifted by Job Data
Sterling is staying in the spotlight today as the set of job and wage data boosts the chance of a May BoE hike. The central bank’s announce tomorrow is now rather important as some hawks could come back flexing their...
UK And EU Reached Transition Deal, Erasing Key Uncertainty Of BOE’s Rate Hike Path
Despite initial rally following the announcement of a Brexit transition deal, British pound has retraced much of its gains. Both UK and EU officials have hailed the agreement. While UK’s Brexit negotiator Davis David noted that the deal contains ‘a...
Dollar Turns Soft as Markets Await FOMC Hike, Sterling Looks into Job Data
Dollar trades broadly softer in Asian session today as yesterday’s rebound attempt lost steam. Traders are also turning more cautious ahead of FOMC rate decision. While Fed is widely expected to hike, the main question remains on whether there will...