Global macro overview for 17/12/2015:
The Fed raised the short-term interest rate to 0.25% at its yesterday's meeting as expected. It validates the US economic recovery after the crisis of 2008. Moreover, the further rate hikes are expected, but the overall rate increasing process will remain gradual and data-dependent. The inflation expectation picked up recently and the targeted level of 2% is still on the table, but it might be updated if needed. As Janet Yellen mentioned during the Fed's press conference, the employment has significantly recovered, but weakness remains in particular wage growth, which is lower due to lack of inflationary pressure.
The US dollar index bounced from the support level of 97.18 and even broke above the intraday resistance at the level of 98.33. Nevertheless, it is still trading below the long-term important resistance at the level of 100.50.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 17/12/2015 . Thanks for your support.
No comments:
Post a Comment