Analysts at Nomura do not expect any major developments at the July/August FOMC meeting, but suggests that it is possible that the post-meeting statement will add “for now” when describing the FOMC’s plans for “further gradual rate increases,” consistent with Powell’s prepared remarks at his semiannual testimony. Key Quotes “This subtle change in language would be consistent with the Committee’s continued pullback from forward guidance language employed during the aftermath of the Global Financial Crisis.” “The economic backdrop for the July/August meeting, with a solid Q2 GDP reading and reduced trade tensions between the US and EU, will likely be positive, despite continued elevated trade tensions between the US and China.” 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 BoE: MPC to hike rates by 25bp – TDS FX Street 5 years Analysts at Nomura do not expect any major developments at the July/August FOMC meeting, but suggests that it is possible that the post-meeting statement will add "for now" when describing the FOMC's plans for "further gradual rate increases," consistent with Powell's prepared remarks at his semiannual testimony. Key Quotes "This subtle change in language would be consistent with the Committee's continued pullback from forward guidance language employed during the aftermath of the Global Financial Crisis." "The economic backdrop for the July/August meeting, with a solid Q2 GDP reading and reduced trade tensions between the US and EU, will likely be… 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.
