GILES COGHLAN

GILES COGHLAN

waving flag of united states of america

Federal Reserve: Kept to the script!

by

Heading into the Federal Reserve meeting there was already a very high bar set for a hawkish policy meeting. In the event the Fed kept to the script. They hiked by 50 bps, indicated further 50 bps rate hikes were to come, and also think the neutral rate is going to be at around 2.40% by year end. So, with rates currently at 0.875% there is another 150 bps worth of rate hikes to come between now and the year end. This was all expected.

A high bar was set

Heading into the meeting we were expecting a ‘buy the rumour, sell the fact response’ and this is what the initial reaction was. The start in QT was based on a phased approach with the Fed expected to take 3 months to bring the level up to $60 bln in treasures and $35 bln in Mortgage Backed Securities. On top o f this dovish development Jerome Powell ruler out a 75 bps rate hike, so this all meant the Fed were unable to surprise markets with a more hawkish response, so there was an initial move lower in the USD. See the reaction here: 

USD weakness post FOMC not sustained

Fading USD weakness

However, the USD weakness was not sustained post the FOMC. The strength in the USD is also partly due to the slowing global trade situation. As a global reserve currency the USD tends to gain when global growth slows. So, the recent concerns over slowdowns in China’s growth has also been a bullish pressure for the USD. This week we have some important inflation data out for the US. The US inflation rate is forecast to fall to 8.1% y/y down from the prior reading of 8.5%. Any signs of ‘peak inflation’ takes pressure off the Fed to hike rates and can result in some USD selling. This could boost the EURUSD this week as the ECB are increasingly making calls for a July rate hike. On the other hand if inflation comes back in high then expect more USD strength. 

p.s did you know I offer a swing trading seasonal service for those with limited time? Check it out here!

71 thoughts on “Federal Reserve: Kept to the script!”

  23. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  28. Greetings! Utter useful par‘nesis within this article! It’s the scarcely changes which liking make the largest changes. Thanks a lot quest of sharing! click

  33. Хочешь развлечься? купить альфа пвп федерация – это проводник в мир покупки запрещенных товаров, можно купить гашиш, купить мефедрон, купить кокаин, купить меф, купить экстази, купить альфа пвп, купить гаш в различных городах. Москва, Санкт-Петербург, Краснодар, Владивосток, Красноярск, Норильск, Екатеринбург, Мск, СПБ, Хабаровск, Новосибирск, Казань и еще 100+ городов.

  40. Криптографически защищенный кракен сайт онион версии v3 содержит 56 символов перед расширением точка onion и математически связан с публичными ключами серверов через эллиптические кривые.

  42. Технологически продвинутая платформа площадка кракен внедрила warrant canary систему регулярных PGP подписанных сообщений для подтверждения независимости от правоохранительных органов.

  44. Free video chat emerald chat 1on1 video chat find people from all over the world in seconds. Anonymous, no registration or SMS required. A convenient alternative to Omegle: minimal settings, maximum live communication right in your browser, at home or on the go, without unnecessary ads.

  45. Free video chat http://www.emerald-chat.app find people from all over the world in seconds. Anonymous, no registration or SMS required. A convenient alternative to Omegle: minimal settings, maximum live communication right in your browser, at home or on the go, without unnecessary ads.

  50. Uwielbiasz hazard? nv casino: rzetelne oceny kasyn, weryfikacja licencji oraz wybor bonusow i promocji dla nowych i powracajacych graczy. Szczegolowe recenzje, porownanie warunkow i rekomendacje dotyczace odpowiedzialnej gry.

  53. Защищенная инфраструктура кракен площадка работает через распределенные серверы с репликацией данных в реальном времени и полным дисковым шифрованием всех критических компонентов.

  55. Надежный источник по ссылке приветствует маркетологов в своем каталоге цифровых товаров. Главная фишка нашего сервиса — это наличии эксклюзивной вики-энциклопедии, где написаны актуальные схемы по добыче трафика. Здесь доступны страницы Facebook, Instagram, TikTok для любых задач: от пустышек и заканчивая трастовыми профилями с отлежкой. Заходите в наше комьюнити, изучайте обучающие материалы, общайтесь и делайте профит вместе с нами без задержек.

  57. Уникальный маркет магазин аккаунтов встречает всех в нашем каталоге аккаунтов и знаний. Главная фишка этого шопа — это наличии огромной базы знаний, в которой выложены свежие мануалы по арбитражу. Мы поможем, как безопасно фармить рекламу, как избегать ЗРД а также использовать прокси. Покупая здесь, клиент получает не просто товар, а также всестороннюю помощь саппорта, гарантию на вход плюс максимально вкусные расценки в нише.

  59. Site web 1xbet rdc – paris sportifs en ligne sur le football et autres sports. Propose des paris en direct et a l’avance, des cotes, des resultats et des tournois. Description detaillee du service, des fonctionnalites du compte et de son utilisation au Congo.

  60. Site web de pari foot rdc: paris sportifs, championnats de football, resultats des matchs et cotes. Informations detaillees sur la plateforme, les conditions d’utilisation, les fonctionnalites et les evenements sportifs disponibles.

  65. Die App bietet vollwertigen Zugriff auf alle Funktionen – sowohl für Casino als auch für Sportwetten. Mostbet bietet regelmäßige Promotionen für Casino und Sportwetten. Die Plattform bietet eine Vielzahl an Spielen, darunter Spielautomaten, Live-Casino, eSports und
    Sportwetten. Mit der Mostbet App apk sind alle Wettmöglichkeiten und Casinospiele immer und
    überall griffbereit. Beispielsweise ist die Mostbet Livewettenfunktion besonders betrachtenswert.

    Vom Ersteinzahlungsbonus bis hin zu Treueprogrammen gibt es immer eine Aktion, um das Beste aus Wetten und Spielen zu machen. Die Mostbet Plattform bietet
    Casino- und Sportwetten-Dienste in Dutzenden von Ländern an, und seit kurzem ist auch Deutschland auf der
    Liste der verfügbaren Länder. Mit Mostbet erhalten Sie Zugang zu einer
    Vielzahl aufregender Casinospiele sowie Wettmöglichkeiten im Bereich Sport und E-Sport.
    Dieter Schröder ist ein erfahrener Fachmann in der Welt der Online-Glücksspiele.

    Es ist ein spannendes Spiel, das schnelle Entscheidungen erfordert und
    ein hohes Potenzial für große Gewinne bietet. Es fallen keine zusätzlichen Gebühren für die meisten Zahlungsoptionen an, wie zum Beispiel bei Skrill oder Neteller,
    wo die Abhebung schnell und ohne Kosten erfolgt.

    References:
    https://online-spielhallen.de/plinko-casino-cashback-ihr-weg-zu-mehr-spielguthaben/

  67. Through the use of advanced RNG technology, every action and outcome is completely random
    and fair, ensuring a transparent and trustworthy gameplay. The Vegas-inspired gaming atmosphere at Royal Reels Casino creates an electrifying
    environment that captures the thrill and excitement
    of playing in a luxurious land-based casino. Explore what sets Royal
    Reels Casino apart from the rest – its safety and legitimacy, bonus offerings, payment options,
    and how to contact customer support. Ensure online gambling is legal in your jurisdiction before
    playing. We consistently strive to be the best destination for
    Australian players. Our commitment to safe online gambling
    is backed by a valid gambling license, potentially from a respected authority like Curacao Gaming,
    which ensures a secure environment.
    Nice bonus when joining, withdrawals didn’t take
    forever, and the variety of slots is pretty wild — there’s something new
    every time I log in. Signed up to Royal Reels Casino a couple of months ago after seeing an ad online.
    Customer support even helped me once late at night
    — quick and friendly. I only play with what I can afford to lose, and with that mindset, I’ve had some great fun. I’m not under any illusion here
    — I know gambling isn’t a way to make money.

    References:
    https://blackcoin.co/holdem-headsup-on-fifth-street/

  69. This discussion has been locked Sign in and get involved to stay up to date
    The generative search experience is designed with this in mind,
    including retaining traditional search results and increasing the number of clickable links,
    like the references in the results.” The issue is the sky go app not being updated, not windows 11. More search engines should take Bing’s approach of engineering their search results to satisfy users in a way that encourages discovery on the websites that originate the content. Google is also adding Gemini-based answers to search results too, which appear at the top of the search result page. The search page will also list the sources that the AI-generated text was created from below the answer, and will even present traditional search results in a sidebar on the right for those who are uninterested in Bing’s curated AI experience.
    When available, the estimated number of results that was previously found under webPages.totalEstimatedMatches will be available under search_information.total_results in our API. While the previous steps have all been quite straightforward, the changes to the response format handling will likely be the most involved for you depending on how much of the data you have been using. The official API’s response format differs from our own so there are still changes to make, but we’re part way there. If your implementation is relatively simple and only uses the q and mkt parameters, then when you make these changes, you should see a full response come back from our endpoint at this stage.

    References:
    https://blackcoin.co/harbour-33-casino-real-money-online-gaming-in-australia/

Leave a Comment