Fed should wait for firm signs of rising inflation, stronger labor market before hiking rates: IMF paper

The U.S. Federal Reserve should wait to see firm signs of rising inflation as well as a stronger labor market before hiking benchmark interest rates, an International Monetary Fund paper said on Thursday. In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies…

U.S. private sector employment rises 200,000 in September: ADP

U.S. companies hired workers at a solid clip in September, but data showed factory activity in the U.S. Midwest contracted, muddying the economic picture for the Federal Reserve on whether to raise interest rates later this year. U.S. private employers added 200,000 jobs in September, payrolls processor ADP said on Wednesday, the strongest reading since June. It beat a forecast 194,000 increase among economists polled by Reuters…

Fed decision not to raise rates was a ‘close call’: Fed’s Lockhart

ATLANTA—Federal Reserve officials who have spoken following last week’s high-profile policy meeting say a rate increase this year remains in the cards. In fact, central bankers say they weren’t far from taking that first step to start raising short-term interest rates. The decision not to raise rates was a “close call,” Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday in Atlanta…

Conditions for rate hike are ‘approaching’: Fed Minutes

Conditions for a rate increase are “approaching” though not at hand, according to the minutes from the most recent Federal Reserve meeting released Wednesday. Policymakers at the U.S. central bank’s Open Market Committee said at the July session that conditions hadn’t been achieved yet for the first interest rate increase in nearly 10 years, due primarily to inflation that is not yet moving toward the necessary conditions…

U.S. FOMC meeting: Is the worst of 2015 over?

The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?
After watching the U.S. economy contract in the first quarter, central bank officials have signaled they won’t raise rates this week. But they will have to judge whether healthier recent jobs, wage and consumer spending data have put that earlier swoon safely in the past…

Daily Forex Market Review 10/13/14 (+50 pips)

Today’s Trade Result: +50 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Daily Forex Market Review 10/03/14 (+20 pips)

Today’s Trade Result: +20 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Fed not likely to raise rates until June 2015, Reuters poll shows

(Reuters) – The U.S. Federal Reserve is expected to move in baby steps when it starts to bump up borrowing costs from a record low, but it won’t do so until the second quarter of next year, according to the latest Reuters poll of economists. Recent data on employment, manufacturing and services suggest the economy […]

Fed cuts another $10 billion, offers no hint on first rate hike

NEW YORK (CNNMoney) The U.S. economy is strengthening but the Federal Reserve remains in cruise control. The Fed decided to once again reduce its monthly bond purchases by $10 billion, as expected. The central bank has been gradually reducing, or tapering, its monthly bond purchases since January. It will now buy just $25 billion a […]

US FOMC Interest Rate | July 30, 2014 | Currency Trading

US FOMC Interest Rate decision today is another important release out of U.S. as the Feds once again release its FOMC statement.  Although very little change is expected today with the official statement, analysts are keeping an optimistic view that sooner than expected rate hikes is still on the table, especially if we were to […]

Daily Forex Market Review 07/10/14 (+15 pips)

Today’s Trade Result: +15 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

FOMC much closer to its macroeconomic goals than past five years: Fed’s Bullard

(Reuters) – The U.S. macroeconomy is much closer to a normal state than it has been in five years, a Federal Reserve official said on Monday, adding that weak labor markets and low inflation are what is keeping accommodative monetary policy in place…

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