The Fed left the rates unchanged and made very few tweaks to the statement. Is the next hike priced in? Here is their view, courtesy of eFXdata: SEB Research discusses its reaction to today’s FOMC August policy statement. “As widely expected, the Federal Reserve (Fed) decided today to keep its target range for the federal funds rate unchanged at 1.75-2.00%. The Committee continues to pre sent up beat assessments of the outlook for US growth and inflation. With current pro-cyclical fiscal po licy, a labour market that generates payroll increases on average of 215,000 per month – far above what is needed to provide jobs for new entrants – and an inflation rate that runs close to 2%, current expansionary financial conditions jus ti fy a less ex pan sionary policy,” SEB notes. We expect the Fed to raise its policy rate eve ry quarter the next 12 months to 3.0% (June 2019). This scenario, indicating solid eco nomic ac ti vity, gets strong support from recent Beige Book. At next FOMC meeting on Septem ber 26, the Fed will lift the target range by 25bps (90% probability accor ding to cur rent market pricing). Our 12-month-scenario implies a policy path that moves gradually from mo destly accommodative today to neutral (3.0%) and, after so me time, probably modestly beyond neutral. We see current market pricing of Fed hikes as too dovish,” SEB argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Forex Today: US dollar regains poise in Asia, BOE rate hike – Key focus FX Street 5 years The Fed left the rates unchanged and made very few tweaks to the statement. Is the next hike priced in? Here is their view, courtesy of eFXdata: SEB Research discusses its reaction to today's FOMC August policy statement. "As widely expected, the Federal Reserve (Fed) decided today to keep its target range for the federal funds rate unchanged at 1.75-2.00%. The Committee continues to pre sent up beat assessments of the outlook for US growth and inflation. With current pro-cyclical fiscal po licy, a labour market that generates payroll increases on average of 215,000 per month - far above… 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.
