OctaFX | OctaFX Forex Broker
Open trading account

US: Fed to cut rates by additional 75bps – ANZ

The Fed has cut the fed funds target 50bps to 1.00-1.25% as COVID-19 has sparked a dramatic tightening in US financial conditions. Analysts at ANZ Research expect further easing, as US economic activity is expected to slow sharply. 

Key quotes

“GDP is set to slow sharply in the next six months, with growth set to contract in Q2. We expect growth of 1.4% in 2020.”

“CPI inflation is forecast to rise by 1.7%, with COVID-19 weakening inflation pressure, as spending slows.”

“The FOMC to cut by funds rate by additional 75bps.”

“Financial conditions have tightened as fear drives heightened volatility. In this environment, the Fed needs to do what it can to support financial conditions.”


The Fed could cut rates further at the March meeting – UOB

According to UOB Group’s Senior Economist Alvin Liew and Rates Strategist Victor Yong, the Federal Reserve could reduce further its FFTR at the next m
Read more Previous

Gold remains confined in a range, around $1640

Gold extended its consolidative price action through the early European session on Thursday and remained confined in a range around the $1640 region.
Read more Next
Start livechat