7/30/2021 9:12:09 AM GMT | By Pablo Piovano
Senior Economist at UOB Group Alvin Liew assesses the latest FOMC event (Wednesday).
Key Takeaways
“The Federal Reserve as widely expected, kept its policy parameters and asset purchase programme (QE) unchanged in its 27/28 Jul 2021 FOMC. The FED also kept the interest paid on excess reserves (IOER) at 0.15% and the overnight reverse repo agreements (ONRRP) at 0.05%. It also established a domestic primary credit facility at the existing level of 0.25%.”
“In his press conference, Chair Powell said the FED is nowhere near considering a rate hike … Powell was also clear that it is not timely to think about raising interest rates right now, and the FED is looking at asset purchases instead. Powell revealed there is a range of views in the FOMC on when tapering is appropriate, and that the July meeting was first deep dive on timing, pace and composition of taper, with no decisions being m
Fed doves no longer rule the roost | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
British Pound Forecast: GBP Caution as BoE Meeting Looms
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
GBP/USD Forecast: Fed fuels ascent toward 1 40, only overbought conditions could halt the rally
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Gold Price Forecast: Is Bitcoin Taking the Shine Away From Gold?
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.