Deutsche Bank analysts suggest that the most immediately-relevant takeaway from the minutes was that there is minimal support for a 50bps cut in September, and markets moved to price in only a 12% chance of the bigger cut which is 20% down from before the minutes and from as high as 50% last week, though a 25bps cut remains fully priced. Key Quotes “The minutes also suggested that policymakers were attentive to the trade war risks and were not caught off guard by the recent escalation, saying that “participants were mindful that trade tensions were far from settled.” “As for the Fed’s longer-term policy review, there were several indications that the discussions are accelerating, as policymakers reportedly discussed using QE “more aggressively” and also analyzed “makeup strategies.” The latter “could be designed to promote a 2 percent inflation rate, on average, over some period,” which would have dovish implications for rates. While we’re on the Fed, President Trump continued his relentless attack on twitter, calling Powell “a golfer who can’t putt, has no touch”.” 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 US: Heightened recession risks – Westpac FX Street 4 years Deutsche Bank analysts suggest that the most immediately-relevant takeaway from the minutes was that there is minimal support for a 50bps cut in September, and markets moved to price in only a 12% chance of the bigger cut which is 20% down from before the minutes and from as high as 50% last week, though a 25bps cut remains fully priced. Key Quotes "The minutes also suggested that policymakers were attentive to the trade war risks and were not caught off guard by the recent escalation, saying that "participants were mindful that trade tensions were far from settled." "As for… 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.
