www.varchev.com

What To Expect From FED’s Policy Meeting Today At 1800 (GMT)

he Federal Reserve kicks off its two-day policy meeting today, at which it is not expected to take action on interest rates, though it could point the markets toward the rate hike widely expected in December.

The policy meeting takes place just days before President Donald Trump names a new Fed chair on Thursday to replace Janet Yellen when her term ends in February, with sources saying the pick is going to be current Fed Governor Jerome Powell.

Powell is seen as being more dovish on monetary policy than other contenders for the post, especially compared to Stanford University economist John Taylor, who has been regarded as another top challenger for the position.

Source: Bloomberg Pro Terminal
Trader-G.Bozhidarov


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance