Australian stocks poised for tepid open as most Asian markets stay shut for holidays

In a two-part Twitter post, the president unfavorably compared the Fed to its Chinese counterpart and said if monetary policy in the U.S. was looser, the economy would "go up like a rocket."

"We expect the to leave the Funds rate steady. We also expect the FOMC to make no more than minor changes to its post‑meeting statement. The first paragraph of the post‑meeting statement will acknowledge Friday's better than expected GDP growth. We expect little reaction by the USD to the FOMC meeting," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a morning note.

There was, however, a "risk" the FOMC could lower the interest rate on excess reserves to "bring down the effective Funds rate," he added., which tracks the greenback against a basket of its peers, was at 97.479 following a decline from levels above 97.8 yesterday.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Asian Companies Pull Back From Iran Amid U.S. PressureAsian companies that had provided a lifeline to Iran after the U.S. reimposed sanctions last year are pulling back, hurting the hobbled Iranian economy and leaving the Islamic Republic with less incentive to stay committed to a multination nuclear deal. EarthDay ThursdayThoughts!🤔 SocialMedia Education Politics Technology PRess Banking Economy Entertainment Business StartUps ColonialIdentity FridaysForFuture EndPoverty ClimateAction ClimateJustice ClimateFinance GlobalGoals 4IR SDGs
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »