By John Swarr | March 15, 2017
The Federal Open Market Committee (FOMC) is set to release its policy rate decision today at 2:00PM EST. The broad market consensus is the Federal Reserve (Fed) will raise the federal funds rate by 25 basis points (bps) this afternoon. However, market participants will also be anticipating the release of the “dot plot,” which FOMC members use to signal their outlook for the number and timing of future policy rate increases. The dot plot was last released at the December 2016 meeting, and the median dots showed three 25 bps rate hikes for 2017. Although the dots can help investors understand what FOMC members are thinking, the dot plot can differ from the market’s forecast of future short rates in the Eurodollar futures market.
By Trevor M. Williams | January 5, 2017
Like most products and services, the price of oil is a function of supply and demand. During periods of extended oversupply, the price of oil tends to fall.
By Greg Zappin | October 27, 2016
Oil, copper, steel, gold and other industrial and precious metals tend to garner most of the attention in the credit markets when talking about the commodity complex. Rightly so, as they serve as proxies for global gross domestic product (GDP) growth, flight to quality/risk sentiment and Chinese demand.
By David O'Malley | February 22, 2016
Inflation data still remains low and energy is holding down the headline CPI numbers, but, given the recent uptick in average hourly earnings, it is worth watching any trend for inflation closely. Is rising inflation good for equities?
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