Union Bank of Switzerland’s analysis team suggests that after the US Federal Reserve has delivered another dovish surprise, markets are appearing to want more. Key Quotes “At last week’s Fed meeting the updated “dot plot,” which indicates where FOMC participants expect rates to be at the end of each calendar year, showed a significant downgrade.” “Fed members now expect no hikes in 2019, compared with two hikes shown in Dec’s dot plot. Fed also confirmed that it would complete the reduction in its balance sheet by Sept, compared with our estimate at the start of the year that the run-off would end in March 2020.” “Fed Chair Jerome Powell stated in his press conference that current data does not point to a rate move in either direction, yet markets are pricing in a cut.” “The sharp fall in the S&P 500 at the end of last week suggests the Fed’s dovishness has been insufficient to allay fears about the weakening in growth that lies behind the shift in policy stance.” 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 Deutsche Bank: EUR guided by the Eurozone developments FX Street 4 years Union Bank of Switzerland's analysis team suggests that after the US Federal Reserve has delivered another dovish surprise, markets are appearing to want more. Key Quotes "At last week's Fed meeting the updated "dot plot," which indicates where FOMC participants expect rates to be at the end of each calendar year, showed a significant downgrade." "Fed members now expect no hikes in 2019, compared with two hikes shown in Dec's dot plot. Fed also confirmed that it would complete the reduction in its balance sheet by Sept, compared with our estimate at the start of the year that the run-off… 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.
