Fx trading news: The Federal Reserve released the minutes of its latest monetary policy meeting, emphasizing that the current interest rate is at an appropriate level!

 

2020-02-20 10:30      from:CAPSTONE    author:Jack

Capstone forex trading news: In the early hours of Thursday, Beijing time, the Federal Reserve released the minutes of its latest monetary policy meeting. The minutes of the meeting pointed out that the Fed's current policy stance is appropriate for a period of time, but the new crown virus epidemic is an uncertain factor in the future, and members agreed that it is necessary to pay close attention to the development of the epidemic.
 
Regarding inflation, the minutes noted that the FOMC measured the pros and cons of adopting the 2% inflation target range, but members were concerned that introducing a symmetric inflation band might be misunderstood. Overall, the current interest rate level can play a role in pushing inflation to the 2% target.
 
It should be noted that in addition to discussing recent issues, the minutes of the meeting also reviewed the long-term direction of the policy. Fed officials discussed three scenarios involving the magnitude of inflation, suggesting that the Fed is willing to endure inflation above or below target levels for some time. The minutes noted that the Federal Reserve may finalize its strategic direction by the middle of this year.
forex trading
 
In terms of economic development and employment situation, members expected that the economy would continue to grow at an appropriate pace, but at present the economy is still below the maximum employment level. However, the minutes of the meeting also pointed out that members believe that the risk distribution of economic activities has improved compared with the previous monetary policy meeting. The Fed predicts that employment in the United States will grow at a healthy rate this year, and consumer spending may remain on a solid foundation.
 
However, the minutes of the meeting emphasized that the US economy still has risks, and a large part of the risks originate from external markets. The easing of trade tensions, the receding of the risk of Brexit and the stabilization of global economic growth are all factors that reduce downside risks, but members expect trade uncertainty to rise this year.
 
As for the repo market that the outside world is very concerned about, the minutes of the Fed meeting pointed out that the second quarter is expected to reduce the purchase of Treasury bills, and short-term repurchases may be withdrawn after April. The Fed believes that once the reserve level reaches a sufficient level, it is necessary to introduce conventional open market operations, because this can adapt to the growth trend of the Fed's debt and maintain sufficient reserves. The minutes noted that several members suggested that the Fed resume discussions on the establishment of standing repo facilities in the near future.


Why Choose Capstone Online CFD Trading?
* EURUSD Avg spread of 0.1 pips is the best in the world
* Starting Deposit $100
* Leverage up to 1:400
* Transfer your funds securely with 0% Commission
* Average execution speeds of under 45ms*
* Our diverse and proprietary liquidity mix keeps spreads tight 24/5

 

Got a Question? Contact us now

Liquidity providers:

  • Morgan Stanley
  • Nomura Holdings
  • RBC Royal Bank
  • Royal Bank of Scotland
  • Société Générale
  • UBS
  • Bank of America
  • Barclays
  • BNP Paribas
  • Citadel
  • Citibank
  • Commerzbank
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • JPMorgan Chase & Co.
  • KCG
  • Macquarie Group


Capstone forex facebook Capstone forex twitter Capstone forex instagram Capstone forex linkedIn Capstone forex Youtube

Margin FX and CFDs are leveraged products that can result in losses exceeding your initial deposit.They are not suitable for everyone,please make sure that you fully understand the risks involved.

Before you open an account and make a deposit with Capstone,please ensure to look through our legal documents, and based on your personal financial situation, confirm if you have fully understand the risks involved in FX trading.

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Canada, Cuba, Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

There are business partners:fund custodian Banks,liquidity providers – Banks,ECNs, etc.,trading and technical support companies,market news and data providers,etc.,who establish cooperation relations with Capstone through the website directly or indirectly.Among them,all these trading names and icons of the cooperative merchants are owned by themselves and have nothing to do with Capstone.

Capstone Global is a group of companies which include Capstone Global Australis Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 95 612 024 889, AFS License No. 494799) and Capstone Global Markets LLC. which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 119 LLC 2019. Capstone Global does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.

Copyright © 2020 Capstone. All rights reserved.

CAPSTONE FOREX GLOBAL | Forex Trading | Sitemap