Tag: Janet Yellen

July FOMC Meeting – Will it be a non-event?

July FOMC Meeting – Will it be a non-event?

Trading Articles
Summary: FOMC meeting is due on Wednesday, July 26th There will be no press conference after the FOMC statement Fed officials are likely to communicate further on the plans to unwind the balance sheet Markets expecting a less than 10% chance of a rate hike this week Overall odds of a rate hike for the rest of the year stands just around 50% Fed unlikely to change much of its communication The FOMC meeting this Wednesday, July 26th is likely to pass off as a non-event as investors were seen not expecting much from the central bank this week. The fact that there is also no press conference following the FOMC statement potentially lowers the odds of any surprises from this week's meeting. The fact that the Fed funds futures rate hike probability has odds of less than 1...