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.

Chart of the day - GBPJPY (02.08.2021)
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Morning wrap (02.08.2021)
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