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FrozenOut

Fed Decission?

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Just out, US rates UP 0.25 to 4.75%!!!!

Prove it :)

:lol: i googled and got the rates page of HPC as the top link "interest rates us base"

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Prove it :)

and language hawkish...

FOMC decision: +25 BP to 4.75% and keeps language calling for "some

further policy firming" based on "changes in economic prospects as

needed." Fed says econ growth has rebounded strongly in Q1 "but appears

likely to moderate to a more sustainable pace." Q4 slowing was temp.

factors. Core inflation low, infl expectations contained, still worried

about resource utilization increases, which "have the potential to add

to inflation pressures." Vote was 11-0, Ferguson not voting. DR also +25

BP to 5.75% on requests of 11 Reserve Banks.

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At a guess because we moved our clocks forward last weekend the decision shall now be at 2015 BST.

Yes DST doesn't starts here until April 2 this year.

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WASHINGTON (AFX) -- The Federal Open Market Committee, under the new

leadership of Fed chairman Ben Bernanke, increased its target for overnight

interest rates by a quarter percentage point to 4.75% Tuesday. This is the 15th

straight meeting with a quarter-point rate hike. The increase in the federal

funds rate was expected by traders and economists on Wall Street. Rates are at

their highest level in five years. The vote was unanimous. The FOMC kept its

Jan. 31 language that "some further policy firming may be needed."

**************

The language is all-important. Take it as a given that 5.25% is coming, and 5.5% probable.

Dow has tanked 100pts in the last 30 mins!

Edited by Van

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WASHINGTON (AFX) -- The Federal Open Market Committee, under the new

leadership of Fed chairman Ben Bernanke, increased its target for overnight

interest rates by a quarter percentage point to 4.75% Tuesday. This is the 15th

straight meeting with a quarter-point rate hike. The increase in the federal

funds rate was expected by traders and economists on Wall Street. Rates are at

their highest level in five years. The vote was unanimous. The FOMC kept its

Jan. 31 language that "some further policy firming may be needed."

**************

The language is all-important. Take it as a given that 5.25% is coming, and 5.5% probable.

Dow has tanked 100pts in the last 30 mins!

My spread better has just shut up shop!

:huh:

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My spread better has just shut up shop!

:huh:

Heehee.. gotta place your bets early, GS. Spreadbetters screw you when the market is volatile. :)

Today's drop has allowed me to close my FTSE short at a modest profit. Will be looking for the FTSE to retest 5950 to reshort.

Hand up who think the BoE is going to drop rates now? :D

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Heehee.. gotta place your bets early, GS. Spreadbetters screw you when the market is volatile. :)

Today's drop has allowed me to close my FTSE short at a modest profit. Will be looking for the FTSE to retest 5950 to reshort.

Hand up who think the BoE is going to drop rates now? :D

Chortle!

:)

Knew I should have shorted GBP at 1.7495!

Great thing about markets is, you always get a second chance (providing you don't wipe your account out of course).

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Has anyone noticed that the FX markets seem to price in rate changes a few days in advance, but the stock market indices are always taken by surprise? Why is this?

frugalista

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Has anyone noticed that the FX markets seem to price in rate changes a few days in advance, but the stock market indices are always taken by surprise? Why is this?

frugalista

I gather that other central banks/institutions are tipped off about these kind of decisions with the hope of avoiding really wild swings. I suspect more smaller investors play the stock market rather than currencies.

Or am I sounding like a perma bear ranting about VI's?

<_<

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I gather that other central banks/institutions are tipped off about these kind of decisions with the hope of avoiding really wild swings. I suspect more smaller investors play the stock market rather than currencies.

Hmm could be. My other theory was that FX traders are keenly watching every tidbit about IRs whereas SM traders have a lot of other things to keep an eye on.

frugalista

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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