- Home
- >
- Daily Accents
- >
- This is what the markets are looking for from the Fed today at 21:00
This is what the markets are looking for from the Fed today at 21:00
Rating:
Loading...The big deal for markets Wednesday could be the minutes from the Fed's last meeting, if they include any fresh insights on inflation.
That's because the recent string of weak inflation data has raised serious doubts about whether the Fed can raise interest rates again this year, as it has forecast. Fed officials have termed the slowdown in inflation both a concern and transitory.
The minutes, released at 9:00p.m., could provide some insight into the view on the Federal Open Market Committee.
The minutes come a day after July's strong retail sales report signaled that the consumer is not weakening, so inflation may start to pick up. Retail sales rose 0.6 percent in July, the best gain in seven months. Positive revisions were also made to June's report.
"I think the market is anticipating a relatively hawkish Fed with a focus on the optimistic growth picture and a continued emphasis on the softer inflation trend," said Ian Lyngen, head of U.S. rate strategy at BMO.
Some of the Fed officials said the central bank could afford to be happy and not see a third rising interest rate this year. Others, however, underlined that another promotion is quite possible. Given the Fed's latest speeches, moods among them before the protocol to be published today at 21:00 remain mixed. Focus is remained on inflation.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
