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FOMC optimistic about economic growth

2018-04-12 08:37 am | Resource: NEWS | No Views : 163



The minutes of the latest FOMC meeting showed that members were optimistic about economic growth and that inflation was moving towards the target, which might need a "sharper" path at a higher rate than currently expected.
 
All participants agreed that the outlook for the economy after the current quarter had been strengthened in recent months, as the minutes of the March 20-21 meeting showed, and the Fed expected inflation to rise towards its target of 2%.
 
A number of participants pointed out that the stronger outlook for economic activity, coupled with their growing confidence that inflation will return to 2 percent in the medium term, suggests that the appropriate course of interest rate (federal policy) over the next few years is likely. Will be a little sharper than expected before. "
 
Some members said that "monetary policy is likely to eventually move from a compromise position to being a neutral or restricted factor of economic activity."
 
At the March meeting, the Federal Reserve raised federal funds rates by a quarter percentage point to 1.5% to 1.75%.


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USD/JPY Technical analysis 24 September 2018

EN Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term The USDJPY is still facing resistance and selling pressure around the 112.85 level to retreat below level of  112.45   In view of the technical indicators Both the RSI and the Stochastic are indicating that indicators are beginning to fall below Accordingly, we expect that the USDJPY will  fall to levels…

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