The Federal Reserve will enter a period of silence

Huitong Network2month27Daily news——3month16Today, the Federal Reserve will announce its interest rate decision. Therefore, this Friday(3month3day)It will be the last day before the Federal Reserve's silence period. Federal Reserve Chairman Yellen will be available on the afternoon of the same day in the United States time1This will also be the last speech by a Federal Reserve official before the Fed's interest rate decision.

PNCDeputy Chief Economist of the BankGus FaucherFor the market, this is an opportunity to understand Yellen's thoughts and future trends in interest rates. "We can learn from it whether Yellen has the willingness to raise interest rates." He emphasized that this speech is quite important: "If we rate the importance,...",1reach10What is the importance of this speech9"Fen."

On the second day of Yellen's speech, the Federal Reserve will enter a period of silence and begin internal discussions on policy decisions. this year1At the first interest rate resolution meeting of the month, the Federal Reserve extended the silence period to the second Saturday before the meeting.

Federal Reserve3Will the monthly interest rate increase or not? We still need to see Yellen's final speech before the meeting

3The possibility of monthly interest rate hikes is unlikely
Investors are divided on the possibility of the Federal Reserve's interest rate. According to the Federal Reserve observation tool of the Chicago Mercantile Exchange(FedWatch tool)Display, investors expect the Federal Reserve to3The only possibility of a monthly interest rate hike is22%. Bloomberg's observation is that the probability of a rate hike is38%。

Chief Economist of Credit Suisse Fixed Income ResearchJames SweeneyIf Yellen mentions the possibility of raising interest rates in his speech, it will inevitably trigger market reactions. Investment management companyPayden&Rygechief economist Jeffrey ClevelandIt is also believed that the market will glimpse the intentions of the Federal Reserve from this speech.

Last year, Federal Reserve officials predicted three interest rate hikes this year based on their "dot matrix". The minutes of the meeting released by the Federal Reserve last Wednesday showed that senior officials had stated that they would "soon" raise interest rates. But it did not clearly indicate the urgency of this event. When Yellen testified to Congress, he did not show any urgency. As of last Friday(2month24day)The yield of US treasury bond bonds has fallen for three consecutive days, and the outlook for March is bleak.
Federal Reservehttp://news.fx678.com/news/keywords/fed.shtml