Federal Open Market Committee (FOMC) Federal Reserve System (FRS) the USA on the basis of a two-day meeting on 26-27 January is likely to leave unchanged the base interest rate in the range of 0-0,25% per annum forecast of analysts polled by foreign media.
Edition MarketWatch sneers at investor sentiment, awaiting further action by the Fed, by comparing them with naughty children in the backseat of a car in a long journey, which, barely a car drive off from home, are starting to ask: “Are we there?”. According to experts, closely tracking for all signals of the American Bank, the road continues to be a long one.
“I do not expect anything from this meeting, the Fed - of course, no political decisions”, - said the chief economist at Standard Poor “s David Wyss.
analysts remain more convinced that the current record low interest rates will be maintained at the same level during the “long period of time.”
Wyss noted that during the time that has elapsed since the last FOMC meeting in mid-December, the economic situation is hardly improved.
“Since the last meeting of the Fed”s flow of economic data, at best, been mixed, and in some sectors of the economy came deteriorating” - agree with my colleague, economist Brian Fabbri, BNP Paribas.
So, on Monday became known that the sale on the secondary housing market in the U.S. in December fell by 16,7% - to 5.45 million homes at an annual rate. Analysts expect a decrease of 9,8% - to 5.9 million homes. The fall was the highest for all time tracking of this indicator, which began in 1968.
deteriorating situation of stock markets last week, which resulted in the American indexes for the three days lost more than 5%, is a reminder that the unprecedented government actions that have spurred the rally in 2009, will gradually decline this year, writes The Wall Street Journal. Given, however grand and global are these incentives, a simple increase in interest rates in the U.S. is unlikely to be a positive factor for the markets.
These and other negative signals to compel members to be extremely careful, because the economy has grown strong enough to raise rates.
1000In addition, some economists believed that the continuing uncertainty over the fate of the current head of the Federal Reserve Ben Bernanke and the question of his re-election to a second term to make the committee members to refrain from significant decision.
“I do not expect any changes until then, until the economic situation does not improve drastically, and we see that unemployment is reduced by at least two months in a row,” - said Wyss.
Currently, the U.S. unemployment rate remains high, at about 10% - close to the maximum of 26 years.
According to the survey, almost 70 analysts, the base interest rate in the United States will remain at current levels until November 2010, and then the Fed begins to raise. The average waiting more than 50 experts at the end of this year amount to 0.75% per annum.
The average forecast of 47 professionals at the end of the first quarter of 2011 for the value of money is 1.25%, second quarter - 1,75%, the third quarter - 2,25% per annum. The poll was conducted by Bloomberg, from 5 to 12 January.
U.S. central bank keeps rate in the target range from 0% to 0.25% per annum from December 2008. In 2008 the rate dropped 7 times.
For comparison: the base rate of the European Central Bank currently stands at 1% per annum, the Bank of England - 0,5% per annum, the Bank of Japan - 0.1% per annum.
In anticipation of the Fed decision on rates, players can take a pause, which can result in lateral movement and low trading activity
Better the marked68t today will feel the action network distribution companies of the electricity sector
It is unlikely that the MICEX index goes below yesterday”s lows against the background of stable oil prices
Several depressing situation Russian “blue chips” overseas
Trading volume on the stock market, MICEX Stock Exchange on Tuesday totaled 104.2 billion rubles
Asian markets in most of today reduced
Exchange rate of dollars saved without changes - a review of cash markets
Lviv brought to default
Business refuses to pay
The market expects the Fed to raise rates or strong statements
Federal Open Market Committee (FOMC) Federal Reserve System (FRS) the USA on the basis of a two-day meeting on 26-27 January is likely to leave unchanged the base interest rate in the range of 0-0,25% per annum forecast of analysts polled by foreign media.
Edition MarketWatch sneers at investor sentiment, awaiting further action by the Fed, by comparing them with naughty children in the backseat of a car in a long journey, which, barely a car drive off from home, are starting to ask: “Are we there?”. According to experts, closely tracking for all signals of the American Bank, the road continues to be a long one.
“I do not expect anything from this meeting, the Fed - of course, no political decisions”, - said the chief economist at Standard Poor “s David Wyss.
analysts remain more convinced that the current record low interest rates will be maintained at the same level during the “long period of time.”
Wyss noted that during the time that has elapsed since the last FOMC meeting in mid-December, the economic situation is hardly improved.
“Since the last meeting of the Fed”s flow of economic data, at best, been mixed, and in some sectors of the economy came deteriorating” - agree with my colleague, economist Brian Fabbri, BNP Paribas.
So, on Monday became known that the sale on the secondary housing market in the U.S. in December fell by 16,7% - to 5.45 million homes at an annual rate. Analysts expect a decrease of 9,8% - to 5.9 million homes. The fall was the highest for all time tracking of this indicator, which began in 1968.
deteriorating situation of stock markets last week, which resulted in the American indexes for the three days lost more than 5%, is a reminder that the unprecedented government actions that have spurred the rally in 2009, will gradually decline this year, writes The Wall Street Journal. Given, however grand and global are these incentives, a simple increase in interest rates in the U.S. is unlikely to be a positive factor for the markets.
These and other negative signals to compel members to be extremely careful, because the economy has grown strong enough to raise rates.
1000In addition, some economists believed that the continuing uncertainty over the fate of the current head of the Federal Reserve Ben Bernanke and the question of his re-election to a second term to make the committee members to refrain from significant decision.
“I do not expect any changes until then, until the economic situation does not improve drastically, and we see that unemployment is reduced by at least two months in a row,” - said Wyss.
Currently, the U.S. unemployment rate remains high, at about 10% - close to the maximum of 26 years.
According to the survey, almost 70 analysts, the base interest rate in the United States will remain at current levels until November 2010, and then the Fed begins to raise. The average waiting more than 50 experts at the end of this year amount to 0.75% per annum.
The average forecast of 47 professionals at the end of the first quarter of 2011 for the value of money is 1.25%, second quarter - 1,75%, the third quarter - 2,25% per annum. The poll was conducted by Bloomberg, from 5 to 12 January.
U.S. central bank keeps rate in the target range from 0% to 0.25% per annum from December 2008. In 2008 the rate dropped 7 times.
For comparison: the base rate of the European Central Bank currently stands at 1% per annum, the Bank of England - 0,5% per annum, the Bank of Japan - 0.1% per annum.
In anticipation of the Fed decision on rates, players can take a pause, which can result in lateral movement and low trading activity
Better the marked68t today will feel the action network distribution companies of the electricity sector
It is unlikely that the MICEX index goes below yesterday”s lows against the background of stable oil prices
Several depressing situation Russian “blue chips” overseas
Trading volume on the stock market, MICEX Stock Exchange on Tuesday totaled 104.2 billion rubles
Asian markets in most of today reduced
Exchange rate of dollars saved without changes - a review of cash markets
Lviv brought to default
Business refuses to pay