Fed leaves rates unchanged – dollar unmoved

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The FOMC left the interest rate unchanged in its November meeting as widely expected. The Fed will not release new forecasts nor hold a press conference. The team led by Chair Janet Yellen is quite positive about the economy: they see it as growing at a “solid rate”. However, the wording about inflation is now “soft” and not transitory. So, a December hike remains very very likely, but 2018 could see fewer than three hikes, but there’s still time.

Here is the preview: Fed: 4 reasons to cement the hike, one reason to send the dollar down

The dollar has been somewhat mixed ahead of the event. Follow our live coverage of the event.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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