👨💻This week FBS analyst Nour Eldeen Al-Hammoury dives into the policy of the Federal Reserve and the future of the US dollar.
Watch the new video on FBS Analytics & Education YouTube channel!
➡ https://youtu.be/p7t1pfWcJFM
Watch the new video on FBS Analytics & Education YouTube channel!
➡ https://youtu.be/p7t1pfWcJFM
#FOMC #PressConference
🗣Here's what the Fed's Powell is saying:
📈A gradual tapering process that concludes around the middle of next year is likely to be appropriate.
📈Virus fears weighing on employment growth but should diminish over time.
📈Tapering decision may be made in November.
📈No one knows where the economy will be in a year.
🗣Here's what the Fed's Powell is saying:
📈A gradual tapering process that concludes around the middle of next year is likely to be appropriate.
📈Virus fears weighing on employment growth but should diminish over time.
📈Tapering decision may be made in November.
📈No one knows where the economy will be in a year.
#FOMC #USD
📈Here's what the Fed's Chair Jerome Powell is saying at the press conference:
▫️We think we can be patient.
▫️We don't think it's time to raise interest rates.
▫️The rise in inflation is caused by bottlenecks, not by the higher employment.
US500 shot up to 4650. EUR/USD is starting to rise. Are you trading right now?
📈Here's what the Fed's Chair Jerome Powell is saying at the press conference:
▫️We think we can be patient.
▫️We don't think it's time to raise interest rates.
▫️The rise in inflation is caused by bottlenecks, not by the higher employment.
US500 shot up to 4650. EUR/USD is starting to rise. Are you trading right now?
#BREAKING #FOMC
💥Fed sees more rate hikes in 2022💥
▫The dot plot (i.e. forecasts of the FOMC members) shows the average rate at the end of 2022 at 0.9% vs 0.3% in September. In 2023 2.4% vs 1.8% in September. In other words, the Fed now expects three hikes in 2022 vs two hikes expected and then three more hikes in 2023.
▫The FOMC monthly tapering pace was increased to $30 billion vs $15 billion prior. That was an expected move.
▫The Fed now expects the US economy to rise by 4% in 2022 vs 3.8% earlier.
▫The Fed is prepared to adjust the pace of purchases if warranted by changes in the economic situation.
💰 USD/JPY shot above 114.00. EUR/USD touched 1.1220 before returning to 1.1240. The market is volatile!
💥Fed sees more rate hikes in 2022💥
▫The dot plot (i.e. forecasts of the FOMC members) shows the average rate at the end of 2022 at 0.9% vs 0.3% in September. In 2023 2.4% vs 1.8% in September. In other words, the Fed now expects three hikes in 2022 vs two hikes expected and then three more hikes in 2023.
▫The FOMC monthly tapering pace was increased to $30 billion vs $15 billion prior. That was an expected move.
▫The Fed now expects the US economy to rise by 4% in 2022 vs 3.8% earlier.
▫The Fed is prepared to adjust the pace of purchases if warranted by changes in the economic situation.
💰 USD/JPY shot above 114.00. EUR/USD touched 1.1220 before returning to 1.1240. The market is volatile!
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