Will the recent U.S economic data influence the FOMC decisions?

Will the recent U.S economic data influence the FOMC decisions?

Mar 17^th 2015

 

The investors and market participants are waiting the FOMC two day policy meeting which starts today and its decisions will be released on Wednesday Mar 18^th 2015. Then Janet Yellen press conference will be hold later after the meeting.

In fact, the recent data released on the last Friday showed the rising of the U.S jobs data pushing the U.S Dollar high, which increased expectations that the Fed is likely to announce its first increase of interest rates in June or September form this year.

However, the release of negative economic data like the decline of U.S  producer prices index  and  the retreat of  Michigan consumer sentiment index, raised some concerns may lead the Fed to remain “patient” about rinsing the interest rates.

Despite of the U.S Dollar bullish outlook, traders should stay cautious as high volatility is expected ahead of FOMC meeting output and the Yellen Press conference.

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