FED RATE HIKE- -Sees quicker pace of boost in 2017

Wall St to Fed: Not so fast; dealers see only 2 hikes in 2017
The poll of primary dealers - the 23 banks that do business directly with the Fed - also showed that a majority of the participants expect US President-elect Donald Trump's economic plans to boost business investment, a notably absent factor in the current economic expansion. 

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· Gold falls to over 10 mth low as Fed signals more hikes in 2017
Spot gold edged 0.4 % lower to USD 1,139.54 an ounce by 0108 GMT. The bullion touched a new low of 1,134.71 an ounce, its lowest since Feb. 3. The yellow metal fell over one percent in the prior session.

· Oil prices fall after US hikes interest rates
Oil prices dropped on Thursday as a hike in US interest rates prompted a flood of money away from commodities and into U.S. bonds and the dollar.

· Asia stocks, bonds struggle as Fed flags more hikes
Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.

· Wall Street slides after Fed raises rates; energy weighs
The Fed's decision to raise rates comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure.

· Fed’s hawkish view a dampener for financial shares: Bill Gross
The Fed on Wednesday approved the first interest rate hike in a year. In addition, the FOMC indicated a higher rate in its look ahead than projected back in September. The committee now expects three rate hikes in 2017, two or three in 2018 and three in 2019. 

· Fed’s hawkish commentary a surprise; EMs to remain under stress
Fed chair Janet Yellen also said that there is a possibility of three hikes by the US Fed in next three years. This is likely to make investors cautious, believes Seth Freeman of CEO  & Chief Investment Officer of EM Capital Management. 

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· Probability for June 2017 rate hike jumps after Fed meeting
The CME Group FedWatch probability for a June 2017 rate hike rose from a 57.7 percent chance for a June rate hike to 78 percent after the central bank announcement. 

· Fed rate hike sign of 'confidence' in US economy: Yellen
The increase, which was widely anticipated by markets, "should certainly be understood as a reflection of the confidence we have in the progress that the economy has made and our judgment that progress will continue," Yellen told a press conference. 

· EMs to underperform in near-term; positive on India: Experts
US economy strengthening in 2017 will have a negative impact on emerging markets (EMs), said Mixo Das of Nomura. However, in the near-term, EMs are likely to underperform the developed markets.

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