Fomc statement

FOMC Preview: Is the Market Too Dovish on the Prospects for a 2019 Rate Hike?

March 19, 2019 3:24 PM
Spoiler alert: The Federal Reserve won’t be making any immediate changes to monetary policy at the conclusion to this week’s two-day meeting. Nonetheless, it would be a mistake for traders to ignore the central bank’s economic projections and comments.

USD/JPY: Will the Fed Deliver a Present or a Lump of Coal for Buck Bulls?

December 18, 2018 7:28 PM
As he is wont to do on many topics, President Trump has waded into monetary policy discussion ahead of tomorrow’s Fed meeting. Just yesterday, he tweeted, “I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Sto...

Dollar Index Holding Its Bullish Channel, But Causes for Concern Pile Up

December 4, 2018 4:09 PM
As we anticipated yesterday (see here and here), the risk-on rally in the wake of this weekend’s “trade war truce” between the US and China has sputtered out relatively quickly. With US officials sending mixed messages about the content of the agreement and Chinese leaders maintaining radio silence, investors are increasingly concerned that a broad,...