In March, The Wall Street Journal conducted a survey of 66 Wall Street economists, which showed that 57% of respondents predict that the Federal Reserve would raise the base interest rate in September or even later. The share of such survey participants in February was 35%, and in January - 13%. According to FedWatch, a stock exchange CME operator, market participants do not expect an increase in the cost of lending in the next 6-7 Fed meetings. However, data from Bloomberg indicate that the rate will not be increased until the end of January 2020. At the same time, in the speeches of most of the Fed managers, there was an opinion that it was necessary to closely monitor the state of the US economy, since at this stage there are no reasons for changes in interest rates.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...