Fed leaves interest rates unchanged at 1.75-2.00 %

Fed monetary policy statement on 01.08.2018

• Job gains strong
• Expects further gradual rate increases
• Vote unanimous
• Economic activity has been string
• Household spending and businesses fixed investment have grown strongly
• Inflation remains near 2% , long term inflation expectations little changed
• Repeats stance of monetary policy remains accommodative
• Near term risks appear “roughly balanced”

They’re leaving the door open to two more rate hikes with such a statement .
Very little changes. USD reacts lukewarm. USDJPY coming back to 111.55 . JPY crosses remain under pressure as White House is expected to make a statement on China tariffs. Press speculates it may be to announce the 25% on China products

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here

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