Examples of using Fomc in English and their translations into Vietnamese
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Colloquial
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Ecclesiastic
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Computer
Still waiting for the FOMC.
What is the FOMC statement?
The FOMC vote was 8-2 in favor of the quarter-point cut.
On Wednesday, the spotlight is likely to fall to the FOMC policy decision.
The FOMC will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.
Things like non-farm payrolls, PPI,central bank rates, fomc meetings, CPI and GDP figures to name a few.
In its policy statement, the FOMC said economic activity slowed during the winter months, in part reflecting adverse weather conditions.
Moreover, it turned out that in 2019 only two members of this Committee see a rate of 2.5%, six see it at 2.75%, four at 3.25%,three at 3.30%, and two FOMC members would like it to be 3.6%!
The FOMC statement will be released at 12:30PM and Fed Chairman Ben Bernanke will hold a quarterly press briefing at 2:15 PM ET.
The level 1.1715(the local lows of early October and mid-December 2017) is a strong support, but the movement will be affected by the key EU indices,German GDP and FOMC Minutes publication.
The FOMC now says that it can be“patient” as it determines what future adjustments to the target range for the federal funds rate may be appropriate.
With traders pricing in a 96% chance of a 25bps ratecut tomorrow according to the CME's FedWatch tool, the FOMC will almost certainly cut interest rates 25bps and run the streak to 84 consecutive meetings.
The FOMC raised rates by 0.25 bps yesterday evening to a 1.75% to 2.00% target range in a hawkish move and reaffirmed its expected forecast of 2 more hikes in 2018 and 3 in 2019.
If higher energy prices occur in the future, inflation could rise as measured by the CPI-U,which could be due to Treasury yields are higher, while the FOMC is pressured to raise interest rates at the short end.
Asking the small group of men and women of the FOMC, who sit around a table a few times a year, to alter the course of the world's largest economy is a tall order.
In the light of the release of strong statistics on the United States, the chances of reducing the federal fundsrate by 50 basis points at the July FOMC meeting decreased to 19%, but a little later they again rose above 21%.
A second reason for raising the interest rate is that the FOMC needs a higher level now so that it can reduce interest rates later, during the next economic downturn, when it needs to stimulate demand.
In the afternoon trading activity can be a little subdued as the American continent finds itself trading on its own, however volatility can be generated by several economic indicators that are routinely released in theafternoon as well as public addresses by FOMC members.
The FOMC lowered its benchmark rate to near zero in December 2008, three months after the collapse of the investment bank Lehman Brothers Holdings, Inc. and 10 months before unemployment peaked at 10%.
First new year trading week will contain quiteimportant events(the publication of the'minutes' of the December FOMC meeting, the publication of PMI indices, labor market data) that will change the alignment of forces in the market.
Downbeat FOMC protocol may trigger a rollback to the level of 100, but the NFP report which is due to Friday will probably set a long-lasting trend for the Dollar along with the inflation data.
At the same time, Fed Governor Richard Claridaargues that the US economy is in a good position after the back-to-back rate cuts, with the vote against,a permanent member of the FOMC who goes on to say that the central bank will act as needed, during an interview with the Wall Street Journal.
President Trump also weighed in on the upcoming FOMC meeting as he lashed out today calling current rates overly restrictive underlining that a“small” rate cut(1/4%) would not be enough this week.
The FOMC gathering is less than a week after the European Central Bank announced an expanded asset-purchase program of up to 60 billion euros(US$69 billion) a month to spur growth and counter deflationary pressures, highlighting the diverging prospects for two of the world's largest economies.
Of course,you can talk for a long time about what affected the split in the ranks of the FOMC(3 out of 10 Committee members voted against lowering the interest rate from 2.25% to 2%), but when so much uncertainty is observed on the market, pluralism of opinions is inevitable.
If, as we expect, many FOMC members then reason that the tightness in the labor market will lead to further wage acceleration that could potentially lead to higher inflation, then we would look for the FOMC to tap on the brakes again with another 25 bp rate hike this summer.
These comments by the Fed, the ECB and the FOMC have created enormous amounts of uncertainty and the players are not sure whether to stay or go, with everyone trying to figure out the next move in the USD/JPY trend.
During the ensuing discussion, several FOMC members argued that the inflation rate might be reduced to less than 2 per cent, but nobody argued that inflation should be pushed higher if a lower, but still positive, rate was achieved.
Typically, prior to the conclusion of a FOMC meeting when it is highly anticipated that the Federal Reserve will adjust the current Fed funds interest rate, market participants choose caution and for the most part have a“wait and see” demeanor.
With a large overshoot of its labor market target under way, the FOMC will likely be reluctant to stop until it is confident that the unemployment rate is no longer on a downward trajectory, a point we expect to reach only in early 2020,” the note said.