- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 23, 2017
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The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March.
Most economists have been forecasting a rise in June.
However, Fed officials appear divided on the timing of a rise amid uncertainty over Mr Trump’s policies.
“Several” expressed fears that unemployment could fall substantially below the Fed’s 4.8% target. That could trigger inflation pressures and force the Fed to boost rates at a faster pace than financial markets expect.
No UK data of any significance now until Wednesday 1st March any movement will be due to political news.