Elliot Clarke, analyst at Westpac, explains that the FOMC’s downwardly revised forecasts are pointing towards that the bank is likely to remain on hold in coming months, with one more hike still being expected. Key Quotes “In 2019 to date, the FOMC have been cautious on the economic outlook and the need for any further tightening of policy – a stark contrast to the optimistic view put forward at the December 2018 meeting, and the Committee’s expectation then of 3 further hikes.” “At their March 2019 meeting, the Committee formally confirmed this shift in stance, with downward revisions to their forecasts for the US’ real economy and their federal funds rate profile. Chair Powell also announced that balance sheet reduction would slow from May and end in September 2019.” “The Committee’s projected policy path sees no hikes in 2019 (the view of 11 of 17 Committee members), and only one more hike to a mid-point of 2.625% in 2020.” “While the Committee’s longer-run view on the federal funds rate is a touch higher at 2.75%, this is best regarded as being consistent with one further hike (2.75% being the upper bound of the 2.50-2.75% range that gives the 2.625% mid-point).” 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 EU-27 to insist on 22 May as Brexit extension date FX Street 4 years Elliot Clarke, analyst at Westpac, explains that the FOMC's downwardly revised forecasts are pointing towards that the bank is likely to remain on hold in coming months, with one more hike still being expected. Key Quotes "In 2019 to date, the FOMC have been cautious on the economic outlook and the need for any further tightening of policy - a stark contrast to the optimistic view put forward at the December 2018 meeting, and the Committee's expectation then of 3 further hikes." "At their March 2019 meeting, the Committee formally confirmed this shift in stance, with downward revisions to their… 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.
