Rates To 1% at the March Meeting
16th March 2017
The Greenback was declined yesterday vs. a basket of major currencies after the U.S. Federal Reserve raised its key interest rate from 0.75% to 1%, as universally expected, and signaled that further hikes this year will be gradual.
15th March 2017
Today, Markets are focusing on the Fed's meeting as strong U.S. jobs data cemented expectations of a rise in U.S. interest rates by 0.25%. After strong U.S. data and positive statements from Fed. Officials, traders think it is the best time for interest rate hike.
14th March 2017
Investors are awaiting the results of the U.S. Federal Reserve's meeting that starts later on Tuesday, as the Fed is highly expected to raise interest rates by 0.25%. The Federal Reserve believes that the U.S. economy is gaining strength.
13th March 2017
The U.S. economy created 235k new jobs in February; such data could encourage the Federal Open Market Committee (FOMC) to hike the benchmark interest rate on its March 14-15 meeting and approve a quarter-point rise in its target rate to 0.75% to 1%. However, average hourly earnings remained unchanged at a seasonally adjusted 0.2% vs. 0.3% expected.
10th March 2017
On Thursday, the European Central Bank (ECB) kept its benchmark interest rate and asset purchase program unchanged, as was widely forecasted.