CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

🚀US500 surges after FOMC Minutes

19:11 23 November 2022

US equities rose, dollar weakens further on dovish FOMC Minutes

Minutes from latest FOMC meeting  has just been released. The publication was perceived as dovish triggered  moves on the markets.  As aresult Wall Strret inidces rose sharply, while USD moved south.

Here are key takeaways from the document:

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app
  • FED members agreed that a slower pace of rate hikes would allow the FOMC to better assess progress toward its goals "given the uncertain lags" associated with monetary policy.

  • Policymakers agreed that there were few signs of inflation pressures easing, however some of them suggested that slowing the pace of rate increases could reduce financial system risks, others suggested that slowing should wait for more progress on inflation

  • Policymakers observed that the labour market remained tight; many noted tentative signs that it may be gradually moving toward a better balance of supply and demand. Participants agreed that there were few signs of inflation pressures easing.

  • Many participants expressed significant uncertainty about the ultimate level of the fed funds rate required to contain inflation, with various participants suggesting it was higher than previously anticipated.

  •  Some members observed that the labor market remained tight, many noted tentative signs that it may be gradually moving toward a better balance of supply and demand.

  •  Central bankers agreed that the risks to the inflation outlook remained skewed to the upside.

  •  Some participants stated that stricter policy was consistent with risk management; others observed an increasing risk of overtightening.

  • The minutes of the November 1-2 Fed policy meeting show that a substantial majority of participants thought a slowing in the pace of interest rate hikes would be appropriate soon.

  •  All participants agreed that a 75-basis-point increase was necessary and a next step toward making monetary policy sufficiently restrictive.

US500 rose sharply and is appraching recent highs.  Source: xStation5

EURUSD is trading higher today and today’s Minutes provided more fuel for bulls. Source: xStation

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ…dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back