First Fed rate hike likely in September
Jun 17, 2015 22:33 pm UTC| Commentary
The FOMC made no changes to policy rates, as was completely expected, in this the first of what should be a long string of "live" meetings (when there will be the potential for a rate hike each time). Apart from the...
FOMC meeting: no rate hike for now
Jun 17, 2015 22:07 pm UTC| Commentary
The Federal Open Market Committee passed on todays opportunity for a first rate hike, as widely expected. Chair Yellen first wants to see "decisive evidence" that the economy is evolving according to the Feds baseline...
Fed: The June rate hike that never came
Jun 17, 2015 21:41 pm UTC| Commentary
Only a few months ago, the market consensus and the expectation of the FOMC was that the first rate hike was going to take place today. However, after a winter of disappointing economic data reality sank in and by the end...
Jun 17, 2015 21:01 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields fell sharply from 2.08% to 2.01%, while the 10yr fell from 3.08% to...
Jun 17, 2015 21:00 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields rose from 2.30% to 2.40% ahead of the FOMC, possibly expecting fresh indications regarding rate hike timing. Those expectations were disappointed and yields slumped back to...
Jun 17, 2015 20:59 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Stalled around 1.1090. GDP today poses event risk.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in easing mode....
Jun 17, 2015 20:58 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Multi-day downward momentum remains intact despite the FOMC bounce. GDP today poses event risk.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger...
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