FOMC press conference update on 4/29 - Hawkish signals - USD on the rise
- Holding interest rates at 3.5% - 3.75%
- Market remains solid
- Inflation slightly higher than forecast due to rising oil prices & war
- Economic outlook very uncertain, especially with the impact of higher energy prices
- No commitment to a specific rate cut roadmap
In summary, this indicates that liquidity will likely pull back from the financial markets in the short term.
#Market_Update #FOMC
- Holding interest rates at 3.5% - 3.75%
- Market remains solid
- Inflation slightly higher than forecast due to rising oil prices & war
- Economic outlook very uncertain, especially with the impact of higher energy prices
- No commitment to a specific rate cut roadmap
In summary, this indicates that liquidity will likely pull back from the financial markets in the short term.
#Market_Update #FOMC