IT'S not often that the market behaves almost exactly according to script but this week was one such occasion. The main feature was the US Federal Open Markets Committee meeting over Tuesday and Wednesday and markets traded generally cautiously ahead of the event, given that US labour market releases have shown strength, which in turn implied greater urgency for interest rate hikes.In the meantime, everyone watched to see if the word "patient" would be dropped from the post-FOMC meeting statement and as it turned out, it was dropped.
Although markets then rallied because the statement was supposedly more dovish than expected, it should be pointed out that throughout the past 8 years the Fed has taken great pains to accommodate Wall Street, so an overtly hawkish statement was hardly likely.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment