Josh Nye, Senior Economist at the Royal Bank of Canada, points out that the FOMC meeting was dovish and notes the 2019 rate hike plans were abandoned. Key Quotes: “We anticipated a cautious tone from the Fed, in keeping with recent comments that suggest officials are comfortable with the current policy stance and see no immediate need to get back to raising rates. But today’s policy statement and projections were still more dovish than we expected””and what investors expected, based on the immediate market reaction.” ” Most notable is the shift in the Fed’s dot plot, which now shows a majority of FOMC members think the current rate setting will remain appropriate through the end of 2019. December’s dot plot had shown a median of two rate hikes were seen as appropriate this year. These new projections suggest the Fed’s base case is to leave policy steady this year””growth and/or inflation will have to surprise to the upside to warrant a return to tightening.” 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 Fed: Sharp shift may risk exacerbating concerns about the outlook – ING FX Street 4 years Josh Nye, Senior Economist at the Royal Bank of Canada, points out that the FOMC meeting was dovish and notes the 2019 rate hike plans were abandoned. Key Quotes: "We anticipated a cautious tone from the Fed, in keeping with recent comments that suggest officials are comfortable with the current policy stance and see no immediate need to get back to raising rates. But today's policy statement and projections were still more dovish than we expected"”and what investors expected, based on the immediate market reaction." " Most notable is the shift in the Fed's dot plot, which now shows… 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.
