“We expect the FOMC to stay put at 1.50-1.75% in December, instead of our previous call for a 25bps cut in the fed funds target rate (FFTR),” said Standard Chartered economist Sonia Meskin. Key quotes “The main reason for the change in our call is the shift in the FOMC’s tone, rather than the economic outlook. We believe US growth will decelerate into year-end; the latest retail sales, industrial production and PMI data point to slower momentum – but forward-looking indicators suggest stabilisation in early 2020. We expect the Fed to continue to focus on money-market dynamics into year-end.” “For the rest of the year, we expect the FOMC to focus on ensuring the smooth functioning of the money markets. In 2020, political risks may intensify as the US heads into elections, and we expect the Fed to be extremely wary of appearing to succumb to pressure from either party. As long as growth is close to trend and risks of external shocks are moderate, we expect the FOMC to remain on hold through the rest of 2019 and in 2020.” 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 EUR/USD: Bulls step in and commit to the 1.10 handle FX Street 3 years "We expect the FOMC to stay put at 1.50-1.75% in December, instead of our previous call for a 25bps cut in the fed funds target rate (FFTR)," said Standard Chartered economist Sonia Meskin. Key quotes "The main reason for the change in our call is the shift in the FOMC's tone, rather than the economic outlook. We believe US growth will decelerate into year-end; the latest retail sales, industrial production and PMI data point to slower momentum - but forward-looking indicators suggest stabilisation in early 2020. We expect the Fed to continue to focus on money-market dynamics into year-end." "For… 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.
