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Markets Flat Early As Fed Decision, Yellen Press Conference Awaited (News: 17/03/16)

Today's Press

  • It’s Fed day, and markets traded flat ahead of this afternoon’s announcement. While most economists don’t expect the Fed to make any interest rate moves today, futures markets are pricing in increases later this year, and investors await the Fed’s economic projections and policy statement Wednesday afternoon to get a better sense of how things might play out.

  • The Bank of England (BoE) voted 9-0 to keep the U.K. main interest rate at 0.5 percent — marking the seventh straight year of record-low interest rates.

  • The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the Federal Reserve scaled down its own expectations of the number of U.S. rate hikes likely over the next nine months.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 111.80
  • EURUSD: 1.1300

Indices:

  • S&P 500: 2,027.22
  • NASDAQ : 4,763.97

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