Fed Holds Target Rate Unchanged; Revises Growth and Inflation Forecasts
- Featured Posts, Market Insights, Market News, Popular Posts, Recent Posts, Trading E-Books, Trending Now
- March 19, 2025
As anticipated by economists and investors, the US Federal Reserve (Fed) kept the federal funds target rate at 4.25% – 4.50%. Overall, the rate statement and the Summary of Economic Projections (SEP) aligned with expectations. Rate Statement For ease of reference, I have highlighted new additions to the statement in green and indicated sentence removals
READ MOREThe Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of
READ MOREFollowing the RBNZ cutting its Official Cash Rate (OCR) by 50 basis points (bps) in November 2024, economists and investors expect another bumper 50 bp rate reduction on Wednesday this week – with an outside chance of a more minor 25 bp reduction. A 50 bp (25 bp) adjustment would bring the OCR to 3.75%
READ MOREThe Week That Was: RBNZ Slashed Rates by 50bps The week kicked off with the Reserve Bank of New Zealand (RBNZ) reducing its Official Cash Rate (OCR) by 50 basis points (bps) to 4.75%, a move that was widely expected and marked the central bank’s second consecutive rate cut this year. The RBNZ signalled that
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. A very good morning to all our readers as we wrap up the final
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. Following UK inflation data (released just ahead of the European cash open) easing on
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. It was an interesting one yesterday. Asia Pac trading witnessed the Bank of Japan
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. The Swiss National Bank (SNB), the Bank of England (BoE) and the European Central
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. Yesterday’s highlight event observed the Fed stand pat on rates for a third successive
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. It was all about US CPI inflation data on Tuesday, which was largely in
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. Thursday delivered a somewhat subdued calendar, with the only tier-1 data of note being
READ MOREThe FP Markets Research Team produces First Light News during the early hours of the European session, a daily Market Briefing that helps ensure traders and investors are up to date in the macro space for the day ahead. Good morning. Yesterday, we witnessed further evidence of a softening labour market in the US; ADP
READ MORE