OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed: 25bp hike looming in December - ING

Analysts at ING point out that markets are broadly expecting a 25bp rate rise on Wednesday and they expect the same as the US economy is booming, inflation is at or above the 2% target and the jobs market is finally generating wage pressures.

Key Quotes

“The outlook for policy in 2019 is more uncertain. Back in September the Federal Reserve “dot diagram”, which shows the individual predictions of FOMC members, pointed to a median expectation of three 25bp rate rises next year with a further 25bp hike in 2020. Market participants are increasingly sceptical of this with Fed funds futures contracts no longer even fully pricing in one hike in 2019.”

 

EUR/GBP Technical Analysis: Bulls guarding 200-hour EMA/61.8% Fibo. level confluence support ahead of ECB presser

   •  The cross extended this week's retracement slide from over three-month tops and traded with a mild negative bias for the second consecutive sess
Read more Previous

ECB: End of QE confirmed - TDS

Richard Kelly, head of global strategy at TD Securities, points out that today’s ECB decision has given green signal for the end of its QE program. K
Read more Next
Start livechat