Analysts at Westpac explain that the US equity markets like the fact that the Fed Chairman Powell appears open to a slower pace of monetary tightening. Key Quotes “Powell’s comment that the benchmark funds rate is “just below the broad range of estimates of the level that would be neutral for the economy” was enough to spark a strong bounce in US equities, while the 10 year yield briefly dipped below 3% for the first time since mid-September.” “Westpac is forecasting rates will rise in December, and this will be followed by 3 further rate hikes in 2019. However, market pricing implies that while the Fed is likely to hike in December (about 80% priced), it will move only once in 2019.” “Attention now turns to the G20 meeting in Buenos Aires this weekend. Expectations are high that presidents Trump and Xi will emerge with some sort of agreement on trade from a private dinner scheduled for Saturday evening. However, recent commentary from the US administration has been very unsupportive for this view.” 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’s Villeroy: Euro is part of solutions for Italy’s economic problems FX Street 4 years Analysts at Westpac explain that the US equity markets like the fact that the Fed Chairman Powell appears open to a slower pace of monetary tightening. Key Quotes "Powell's comment that the benchmark funds rate is "just below the broad range of estimates of the level that would be neutral for the economy" was enough to spark a strong bounce in US equities, while the 10 year yield briefly dipped below 3% for the first time since mid-September." "Westpac is forecasting rates will rise in December, and this will be followed by 3 further rate hikes in 2019. However, market… 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.
