Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.
Key quotes
"Nominal wage growth has shown some signs of easing."
"Labor demand still exceeds supply."
"Jobs to workers gap has narrowed, but jobs still exceeds supply."
"Inflation remains well above target."
"Inflation has moderated since the middle of last year."
"We still have a long way to go to get inflation down to 2%."
"Our restrictive stance is putting downward pressure on economic activity and inflation."
"Committed to achieving a sufficiently restrictive stance."
"Attentive to recent data showing resilience of economy and demand for labor."
"These could put further progress on inflation at risk, could warrant further interest rate hikes."
"Financial conditions have tightened significantly."
"Nominal wage growth has shown some signs of easing."
"Labor demand still exceeds supply."
"Jobs to workers gap has narrowed, but jobs still exceeds supply."
"Inflation remains well above target."
"Inflation has moderated since the middle of last year."
"We still have a long way to go to get inflation down to 2%."
"Our restrictive stance is putting downward pressure on economic activity and inflation."
"Committed to achieving a sufficiently restrictive stance."
"Attentive to recent data showing resilience of economy and demand for labor."
"These could put further progress on inflation at risk, could warrant further interest rate hikes."
"Financial conditions have tightened significantly."
GREENBACK
US IR won't be changed this time. but Fed said, They will hike some rate this year. 5.50% will be continued to stay
As we forecasted , IR is being kept by 5.50% again!
Still USD is stroger against majors !
Still USD is stroger against majors !
Forwarded from HOTSHOT - PREMIUM
We expected a huge Volatile tonight after FOMC, but Market slept before us
Forwarded from GREENBACK - TRADE SCHOOL
Media is too big
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ADVANCE SESSION -
01. IMPORTANCE OF FUNDAMENTAL ANALYSIS
01. IMPORTANCE OF FUNDAMENTAL ANALYSIS
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