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The cost of borrowing--or reference for Fed Funds--remains stationary at 0.25% -0.50 level reached with the rise in December, the first in nearly a decade.
The statement of the Fomc not lacking signs of optimism on the prospects of the us economy: the labour market improved further despite the recent slowdown in growth and remains a strong focus on inflation.
The us Central Bank continues to report the whereabouts of unfavourable elements in the global economy but compared to previous meeting communiqué removes the specific reference to the risks that they pose.
The Fed also points out that whilst there was a moderation in growth in household spending, on the other their real incomes have risen at a pace "solid" and consumer confidence remains high.
The latest Reuters poll, conducted at the end of last week, saw all economists surveyed foresee for today rates unchanged. The majority of them still sees an upside in the next meeting, scheduled in June, and one further later this year, probably in the fourth quarter.
Presently the forecasts expressed by members of the Fomc projected the expectation of two overall rate hikes expected in 2016 compared to four in October.
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