DXY | After FOMC - What's Next?
Yesterday FOMC didn't bring anything new at on the table.
Most of the details that they shared were repeated from the previous time
and overall it was in line with expectations.
FOMC increased the interest rates during the previous month and their maximal
interest price projection is not to far away from their actual interest.
So they should not keep rising the Interest Rates only this year.
They have to see how the actual increase will impact the economy on the coming months
and after that they will take any further action.
Howerver this is my personal opinion.
Today we have only the CPI data and considering that FOMC didn't take any action yesterday the CPI
data should not impact the market today as the FOMC decision will not change in only one month as they
have to look at the long term developments at this stage.
Thank you and Good Luck!
Yesterday FOMC didn't bring anything new at on the table.
Most of the details that they shared were repeated from the previous time
and overall it was in line with expectations.
FOMC increased the interest rates during the previous month and their maximal
interest price projection is not to far away from their actual interest.
So they should not keep rising the Interest Rates only this year.
They have to see how the actual increase will impact the economy on the coming months
and after that they will take any further action.
Howerver this is my personal opinion.
Today we have only the CPI data and considering that FOMC didn't take any action yesterday the CPI
data should not impact the market today as the FOMC decision will not change in only one month as they
have to look at the long term developments at this stage.
Thank you and Good Luck!
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