【 US Stock Closing 】 The Federal Reserve remains steadfast as promised, with crude oil falling for five consecutive days in the US stock market

The Federal Reserve's interest rates remain unchanged,crude oilFive consecutive declines in the US stock market;goldRising to a six week high, the US dollar widened its decline against a basket of currencies.


After the two-day monetary policy meeting, the Federal Open Market Committee（FOMC）The announcement of maintaining interest rate policy unchanged is in line with widespread market expectations. The Federal Reserve stated that recent data indicates that the US economy is both strong and weak.


The "dot matrix" of the Fed's interest rate hike indicates that the Fed still expects2016Interest rates will be raised twice a year. The number of Federal Reserve officials expected to raise interest rates only once this year has increased from the previous one1Increase in population6People.FOMCestimate2017Year and2018Interest rates will be raised separately each year3Times.


The Federal Reserve sets its long-term federal funds benchmark interest rate target from3.3%Downward cultivation3%, will2016yearGDPGrowth expectations from2.2%Downward cultivation2%。


Federal Reserve Chairman Janet-Yellen said that the Federal Reserve is7It is also possible to raise interest rates on a monthly basis.


[blockquote]
The recent economic indicators have been mixed, and a cautious adjustment of monetary policy is appropriate. The unchanged interest rates indicate a cautious policy stance.[/blockquote]

The US stock market closed slightly lower on Wednesday, with the market falling for the fifth consecutive day. The Federal Reserve maintains its monetary policy unchanged and has also lowered its monetary policy this yearGDPExpectations. Federal Reserve Chairman Yellen said7There is also a possibility of interest rate hikes on a monthly basis.


[blockquote]
S&P500index6month15Day (Wednesday) closing down3.82Point, drop0.18%Report2071.5Point;


The Nasdaq index closed lower8.62Point, drop0.18%Report4834.93Point;


The Dow Jones Industrial Average closed down34.65Point, drop0.2%Report17640.17Points.[/blockquote]




The US economic data released today is mixed, with industrial output decliningPPIRecord an increase.


Affected by a significant decline in automobile production, the United States5The decline in industrial output value in the month indicates that the performance of the manufacturing industry has been unsatisfactory in recent months.


The Federal Reserve announced on Wednesday that after adjusting for seasonal factors,5The decline in industrial output value in the month0.4%。


Boosted by rising energy costs, the US Producer Price Index5The monthly increase indicates that the negative impact of low oil prices on overall inflation is diminishing, while the profit margin of sales is expanding.


Gold MarketfuturesContinuous rise6Day, reaching a high of six weeks. After the Federal Reserve meeting, gold futures in electronic trading surged in the short term10The US dollar rose to a monthly high at one point1293.10dollar/ounce.


[blockquote]
New York Mercantile Exchange8The price of gold futures for monthly delivery has risen20Cents, closing at per ounce1288.30US dollars. Since the beginning of this month, the main gold contract has risen by approximately6%。[/blockquote]




BMO Capital MarketsDirector of the Basic Metals and Precious Metals Trading DepartmentTai WongSurprisingly, the Federal Reserve's downgrade of its longer-term growth forecast will2018The median annual federal funds rate target has been lowered62One basis point. The news is driving up gold prices cautiously. In the context of bond yields and the decline in the US dollar, if gold does not quickly rise again1300A high above the US dollar will be disappointing.Foreign exchange gold


Federal Funds Rate Market in the United States:7The probability of monthly interest rate hikes has decreased to7.7%，9Monthly decrease23.6%，11month25.2%，12month39.5%。


Renowned journalist Hilsenlach, known as the "Federal Reserve News Agency," stated that the Federal Reserve has not completely ruled out the possibility of the Federal Reserve's involvement in7There is a possibility of a monthly interest rate hike, but the tone of the statement and economic expectations suggests that the Federal Reserve needs to see an improvement in the economy and a rebound in the labor market before considering further action7Take action every month.


Concerns about global energy demand and factors such as the Brexit referendum in the UK have put pressure on oil prices, with a decline of over1%Five connected yin. But subject toEIAInventory reduction boosts, and Meiyou barely stands up48Gateway.
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