The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.
Source
Asia Day Ahead: Lukewarm Reaction to Fed Meeting
access_timeSeptember 8, 2024
Latest:
- The bitcoin chart isn’t looking pretty after a $2500 decline today
- The Fed is in a tricky spot – CIBC
- USDJPY moves lower to test the August low and finds support buyers.
- Australian dollar tumbles to the lowest since August 19. Carves out H&S top
- NZDUSD falls to the 100 bar MA on the 4-hour chart
- Fed’s Goolsbee: Critical challenge is not letting things turn into something worse
- Waller Q&A: Forecasts could be wrong, must be nimble as data comes in
- USDCAD extends to the next upside target
- WSJ’s Timiraos: Waller does not explicitly say “25” or “50”, but leans to 25.
- FOMC Waller : Time has come to begin reducing. Labor market softening/not deteriorating
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