FOMC, is there a sense of disappointment in some quarters?
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Now, the theme this time is2017 FOMC.
＜The Fed will raise the federal funds target rate by 0.25 percentage points to 1.25%–1.50% at the December 13 meeting＞
★ This marks the third rate hike this year, following March and June.
★The number of rate hikes expected for 2018 by 16 people remains three.
The expectation for the 2018 number of rate hikes did not become four.
★ Also, two out of nine opposed this rate increase, which is noteworthy.
In response, the dollar has fallen back.
★ The 10-year Treasury yield fell from 2.4% to around 2.35% (prices rose).
★ The 2-year yield fell from 1.84% to around 1.78% (prices rose).
With this, it is unlikely that a widening interest rate differential will push the dollar higher and the yen lower.
Similarly, the Nikkei average rising on expectations of a weaker yen is not expected either.
Note) The above reflects my personal views and is intended only to improve financial literacy. Therefore, it is not created for investment solicitation purposes. Also, while the blog content is based on data from reliable sources, the manager does not guarantee its accuracy. Actual investment decisions should be made at your own risk.
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