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  • #FED Rates US #Equities: Low Volume

#FED Rates US #Equities: Low Volume

randholm
June 13, 2018 3:12 pm / Published in FED

#FED Rates US #Equities: Low Volume

The US Indexes are trading below the high of the day as the FED confirmed the rate increase. I do not detect large capital movement in any of the two directions.

Technically we could see some retracement for today’s levels.

In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 percent and 2 percent, the Fed dropped its pledge to keep rates low enough to stimulate the economy “for some time” and signaled it would tolerate above-target inflation at least through 2020.

 

The Federal Open Market Committee indicated that even though it’s stepping up the pace of interest-rate hikes, economic growth should continue apace. “The committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the committee’s symmetric 2 percent objective over the medium term,” according to its statement following a meeting in Washington.

 

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