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Summary We look for the FOMC to keep rates on hold at its December 13 meeting, an expectation that is universally shared. If realized, the third consecutive hold would suggest that, rather than the FOMC merely hiking at a slower pace, the fed funds rate probably has reached its terminal level of this cycle. Both […]

The post December Flashlight for the FOMC Blackout Period appeared first on Action Forex.

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08/06/2024

Weekly Economic & Financial Commentary: G7 Central Banks Ease into Summer with Rate Cuts

Summary United States: July Cut Bites the Dust; September Hanging on Edge of Its Seat The strong job gain and rebound in average hourly earnings in May reaffirm our expectation that a rate cut remains some time away and is increasingly dependent on a few slower inflation reports. Next week’s CPI report and the FOMC’s […]
03/05/2024

US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9% 

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]
04/06/2024

Swiss Franc Climbing, Eyes Swiss Inflation

Swiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%. Swiss franc rally continues The Swiss franc posted its strong weekly gain of the year last week, rising 1.35%. The Swissie jumped over 1% on Thursday after Swiss National Bank President Jordan hinted that the […]