Analysts at Standard Chartered, point out that the FOMC will need to decide soon whether bank reserves remain abundant or return to scarcity. They expect the Fed to keep rates unchanged on Thursday and a hike in December. Key Quotes: “The FOMC meeting on 8 November is unlikely be an immediate market mover, but the outcome should prove important down the road. On the agenda are the appropriate reserve management framework and the ultimate steady-state size of the balance sheet. The decisions the Committee makes will have direct implications for global money markets and funding costs, in both developed and emerging markets.” “We expect the FOMC to leave the fed funds target rate (FFTR) unchanged ahead of an anticipated December hike, and to raise the interest on reserves (IOER) by 5bps less than the FFTR at the December meeting to alleviate upward pressure on the fed funds effective rate (EFFR; a weighted average of rates paid by a panel of banks in the fed funds market).” “We do not expect the statement to address recent market volatility.” 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: Outcome of the midterm elections does not materially impact growth outlook – Westpac FX Street 4 years Analysts at Standard Chartered, point out that the FOMC will need to decide soon whether bank reserves remain abundant or return to scarcity. They expect the Fed to keep rates unchanged on Thursday and a hike in December. Key Quotes: "The FOMC meeting on 8 November is unlikely be an immediate market mover, but the outcome should prove important down the road. On the agenda are the appropriate reserve management framework and the ultimate steady-state size of the balance sheet. The decisions the Committee makes will have direct implications for global money markets and funding costs, in both… 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.
