Market looks for FOMC This Week
Monday, June 17, 2013
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The Fed has a policy meeting this week, ending Wednesday June 19 and Bernanke will speak at a press conference after.
Investors have been scrutinizing economic data to determine whether growth is strong enough to prompt the Fed to scale back stimulus measures.
Fed chairman Ben Bernanke has said repeatedly that any decision to curtail monetary stimulus will depend on how the economy performs.
Fears the U.S. Federal Reserve could begin reducing its bond buying later in the year have fuelled a selloff in global markets last week, which has bruised stocks, bonds, emerging market assets and the dollar alike.
U.S. Federal Reserve`s outlook on its bond buying program and the pace of foreign institutional investment flows could be the key in determining the direction of the market next week.
The central bank isn’t expected to change its policy this month, but any change in stance from Bernanke will trigger big global market movements, potentially adding to the broad losses of the past week, particularly in emerging markets...more on Twitter
Gold Update :
Ayman Khlifat on Twitter
Follow @aymankkhlifat
The Fed has a policy meeting this week, ending Wednesday June 19 and Bernanke will speak at a press conference after.
Investors have been scrutinizing economic data to determine whether growth is strong enough to prompt the Fed to scale back stimulus measures.
Fed chairman Ben Bernanke has said repeatedly that any decision to curtail monetary stimulus will depend on how the economy performs.
Fears the U.S. Federal Reserve could begin reducing its bond buying later in the year have fuelled a selloff in global markets last week, which has bruised stocks, bonds, emerging market assets and the dollar alike.
U.S. Federal Reserve`s outlook on its bond buying program and the pace of foreign institutional investment flows could be the key in determining the direction of the market next week.
The central bank isn’t expected to change its policy this month, but any change in stance from Bernanke will trigger big global market movements, potentially adding to the broad losses of the past week, particularly in emerging markets...more on Twitter
Gold Update :
Ayman Khlifat on Twitter
Follow @aymankkhlifat
