Instant view: The FOMC leaves rates unchanged

  • Fed keeps rates unchanged as was expected
  • Fed signals no rate hike this year with one increase in 2020
  • Median shows longer-run GDP unchanged at 1,9%
  • Fed sees Core PCE 2% this year through 2021

Dot-chart after the March meeting. Source: Bloomberg.

Treasuries extend gains after the FOMC meeting. EURUSD soars over 1,14. Wall Street (US500, US100, US30) indices rise. Fed Chair Jerome Powell is due to hold a press conference at 6:30 pm GMT.

EURUSD soars after the FOMC statement release. Source: xStation5.

Economic calendar: Yellen testifies in Senate
Morning wrap (19.01.2021)
Daily summary: European stocks higher in subdued trading
Is the gold price rebound sustainable?
Złoto z szansą na korektę?
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.