Eyes in the Global Markets Fed Decision – Cyprus Newspaper
In the United States, financial markets are anxiously spent in an uneasy, while the markets are waiting for the FED decision, while the US is anxious. The decisions will be published together with the Dot Plot, which reflects the expectations of the FED officials for the coming period.
Financial markets in the United States spent the past anxiously with concerns about the possibility of the US participation in Israel’s attacks on Iran.
With the avoidance of investors to take risks, the S&P 500 index fell by 0.8 percent, while technology -weighted NASDAQ fell by 100 percent. United Airlines Holdings Inc. and Delta Air Lines Inc. Aviation sector shares were among the companies that suffered the biggest losses in S&P 500. The decline also had the effect of weak economic data described in the USA. It was announced that retail sales in the country fell in a row in May in May. The described data showed the effect of the tariff crisis on households. Similarly, housing and industrial production data came weak.
This morning TSI at 07:14 as a futures indices increased slightly in the United States, while in Europe minus. Oil continued its recent earnings with concerns that the climbing of the tension in the Middle East would lead to more direct intervention of the US. The US crude oil rose to 1.1 percent in Asian transactions after the closure of about five months on Tuesday. Stephen Dover, the chief market strategist of Franklin Templeton Institute, said in a customer note that ız We think that risk premiums and oil prices will return to lower levels unless the conflict does not climb significantly ”.
Although the US bond returns declined this morning, it maintained most of the gains with geopolitical tensions and weak US data yesterday. In Asia, the stock indices are mixed before today’s FED decision. Japanese Nikkei increased by 225 percent 0.8 percent, while Hong Kong Hang Seng is 1 percent minus. Bloomberg’s Dollar Index did not change much after the US markets reached the highest level of a month while the US markets were open.
The dollar/TL was traded at 39.53 in the morning. Today, President and AK Party Chairman Recep Tayyip Erdogan will attend the party’s Grand National Assembly Group Meeting at 12:00. The CBRT will publish data on the loan debt provided by the private sector from abroad in April at 10:00.
Fed will announce the interest rate decision, eyes at DOT-Plot
The US Federal Bank will announce the Fed interest rate decision today at 21:00. The expectation of all economists participating in the Bloomberg survey is that the policy interest range is left to 4.25 percent-4.50 in a hundred. The decisions will be published together with the Dot Plot, which reflects the expectations of the FED officials for the coming period.
US President Donald Trump will hold a press conference at 21:30 after the meeting of the FED President Jerome Powell TSI after a meeting to be held at a period of interest cuts. Policy makers have warned that Trump’s customs duties may increase inflation and unemployment so far, but so far, the slowdown in stable employment and inflation has enabled FED officials to keep their interest rates fixed this year.
Brett Ryan, the senior US economist of Deutsche Bank AG, said, “Waiting and vision has worked so far. Why should we deviate from this approach now when there is no urgent reason and there is still an upward risk in the appearance of inflation?” made the evaluation.
Bloomberg Economics is also waiting for a hawk signal from today’s meeting. “We think that the FED is not affected by four moderate inflation data and that the tariffs will rely on internal estimates that will increase inflation at the end of the tariffs.
Powell predicts that Powell may want to avoid taking a definite hawk attitude to avoid reacting to Trump. “We estimate that the participants will foresee a discount of 25 basis points for 2025 in compatible with our base scenario, Wong said Wong.