I just want your gut reactions here: Trade ideas welcome in the comments.
The Fed definitely gets some economic data ahead of time. The transcripts of the crisis-era FOMC meetings showed this but not necessarily non-farm payrolls. The next main event on the economic calendar is Friday’s non-farm payrolls. Did the Fed members … Continue reading
The US dollar has given back all or most of the post-GDP gains against the euro, pound and commodity block.
The most hawkish part of the FOMC statement: Inflation has moved somewhat closer to the Committee’s longer-run objective. The least hawkish: A range of labor market indicators suggests that there remains significant underutilization of labor resources. The hawks wanted … Continue reading
Full text of the July 29 FOMC decision: Release Date: July 30, 2014 For immediate release Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market … Continue reading
Highlights of the July 29, 2014 FOMC decision: Odds of persistent sub-2% inflation ‘diminished somewhat’ Inflation has moved somewhat “closer” to long-run objective; previous statement had said it was “running below” objective Removed reference to unemployment rate being elevated Repeats … Continue reading
Watch out for a change in the part of the statement that says rates will stay low for “a considerable time” after the taper ends or an upgrade in inflation. That’s unlikely but the US dollar may still rally on … Continue reading
It’s available at the Fed’s website. I’ve highlighted areas that could be changed. Release Date: June 18, 2014 For immediate release Information received since the Federal Open Market Committee met in April indicates that growth in economic activity has rebounded … Continue reading
Former Fed Chair Greenspan is on Bloomberg TV: Sees near-term US economic momentum continuing Says it’s an ‘open question’ whether inflation will surprise to the upside Sees ‘a lot of uncertainty’ on the economy ‘We have a lot of uncertainty … Continue reading
The day ahead is a big one with four major announcements due in European and US trading: German CPI will be released around 1200 GMT but the market reacts in the hours leading up to the data as the regional … Continue reading