The Federal Reserve would end their two-day policy meeting today. Meanwhile the markets has been relatively steady as investors await statement from the Federal Reserve (FED). Many analysts would be watching to see if there would be any hint as to the next rate hike.
Lately US economic has strengthened. The Labour market and consumer spending has improved greatly. The FED is expected to acknowledge these improvement in both the markets and the economy.
The last interest rate hike was in December, 2015. between now and September, there would be a flurry of US economic data. It behoves on FED to look at these data to decide if they would hike interest rates in September. Federal Reserve Chair, Janet Yellen has repetedly said increase in rate hike would be data-dependent.
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