Central Banks

Google Ad

Following a series of soft data points such as retail sales and CPI both the New York and Atlanta Federal Reserves lowered their second and third Quarter GDP estimates. This follows just two days after the FOMC raised Interest rates.

The Federal Reserve has raised interest rates by a quarter of a percent to 1.25% as had been expected by over 90 percent of the market (Fed Futures). The FOMC hikes maintained it's forecast for one more hike in 2017 and says it is 'monitoring inflation developments closely'.

Google ads