July FOMC meeting

Banking, Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on July 28, 2016 at 2:30 PM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Global Economic & Market Outlook – Focus Notes (Thursday, July 28, 2016)

July FOMC meeting: Diminished near-term risks could pave the way for an interest rate hike in 2016

As widely expected, the Federal Reserve kept its target range for the fed funds rate unchanged at 25-50bp during its 26-27 July meeting. Compared to the June FOMC meeting when the decision for unchanged interest rates was unanimous, Feds’ Esther L. George dissented by voting for a rate hike. Given the recent string of positive US economic data and the post-Brexit calm in the markets, the July FOMC statement reflected more confidence in the US economic outlook, highlighting that near-term economic risks have diminished…..

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GLOBAL FOCUS NOTE_JULY28_FOMC

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