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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