Sean Callow, analyst at Westpac, points out that the FOMC managed to deliver a dovish surprise and the median is now for 0 hikes in 2019 and just 1 by end-2021, from 3 in Dec. Key Quotes “Along with the “dots”, the Fed trimmed its 2019 and 2020 GDP forecasts to 2.1% and 1.9% (the White House budget projections are 3.2% and 3.0%) and announced that its balance sheet runoff (quantitative tightening) would conclude in Sep 2019, earlier than many expected.” “The Fed’s switch to projection of a rates pause of at least 12 months should reverberate on the dollar and US yields for some time, weighing on DXY towards its January lows. But beyond that, most major currencies are not likely to be compelling alternatives.” “We don’t expect pricing for Fed easing to gain too much traction.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB economic bulletin: Underlying inflation in the Euro-zone continues to be muted FX Street 4 years Sean Callow, analyst at Westpac, points out that the FOMC managed to deliver a dovish surprise and the median is now for 0 hikes in 2019 and just 1 by end-2021, from 3 in Dec. Key Quotes "Along with the "dots", the Fed trimmed its 2019 and 2020 GDP forecasts to 2.1% and 1.9% (the White House budget projections are 3.2% and 3.0%) and announced that its balance sheet runoff (quantitative tightening) would conclude in Sep 2019, earlier than many expected." "The Fed's switch to projection of a rates pause of at least 12 months should reverberate on the dollar… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
