FOMC Report announced which is related with the meeting in December. According to the financial experts on the global market, the FOMC meeting was so important because it's the first meeting after electing Trump as American President. We can say that the minutes were short-lived in the market as it was the first meeting following the election of Donald Trump as the US President and the institution's interest rate increase by 25 basis points. The main point of FOMC report was the more nationalist financial policies of Trump. With tax incentives and infrastructure spending that Trump plans to implement, growth can gain momentum. Many of the members of the FED reported their views at the last meeting. On the other hand, the institution may go for faster interest rate increase due to possible inflation.
- Date: 05 January 2017 Thu 09:10
- Last Added
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