FOMC reviewed: weakness in inflation may not be entirely transitory – Nomura

Analysts at Westpac explained that as expected, the Federal Reserve announced the beginning of balance sheet normalization after today’s meeting. We expect normalization, starting in October, to largely progress in the background as the Fed focuses on managing short-term rates for monetar ...

UK: retails sales adds some credibility to the BoE’s argument . . . – ANZ

Analysts at ANZ noted that UK retail sales were much stronger than expected, rising 1.0% m/m.  Key Quotes: "July was also revised up (+0.6% vs +0.3% m/m). That adds some credibility to the BoE's argument that some modest adjustment (tightening) in policy is appropriate.  The Bo ...

New Zealand Gross Domestic Product (YoY) meets expectations (2.5%) in 2Q

New Zealand Gross Domestic Product (QoQ) meets forecasts (0.8%) in 2Q

New Zealand Visitor Arrivals (YoY) rose from previous 3.8% to 5.8% in August

Dollar Gains In Asia After Fed Details Policy Views

Investing.com - The dollar gained against the yen on Thursday in Asia after the Fed took a consistent stand on paring back its balance sheet and its outlook for rate hikes. USD/JPY changed hands at 112.30, up 0.06%, while AUD/USD traded at 0.8034, up 0.04%. The U.S. dollar index, which measures th ...

Fed To Start Unwinding Balance Sheet Next Month, Keeps Rate Views

Investing.com - The Federal Reserve said it would start to unwind $4.5 trillion in financial crisis-era support starting in October and stuck to its forecast to raise interest rates again this year, saying hurricane damage won’t derail an otherwise healthy expansion. “Hurricanes Harvey, Irma and Ma ...

Peru stocks lower at close of trade; S&P Lima General down 0.28%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the Mining, Services and Electricity sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.28%. The best performers of the session on the S&P Lima General were Panoro (LM:PML), which rose ...

WTI: trades in a $1.00 range within technically bullish territory still

WTI was trading in a narrow $1.00 range again today around not only the FOMC  over the disappointing EIA report and market hopes that OPEC will indeed expand the production-cut deal.  WTI hit $51.11bbls ahead of the FOMC announcements where the black gold subsequently dropped to $50.3 ...

Wall Street preserves gains after FOMC ramps up rate hike expectations

Major equity indexes in the U.S. lost traction after the FOMC statement showed that policymakers were seeing another rate hike before year-end appropriate, but were able to pare their losses to close the day modestly higher. As anticipated, the Fed decided to leave the interest rates unchanged an ...

The Day Ahead: Top 3 Things to Watch

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow US manufacturing and jobs data on tap Market participants look ahead to the release of a pair of economic reports on manufacturing and jobs due Thursday, for signs of improvement in the U.S. economy ...