The Fed did not change interest rates at its December meeting but more importantly no single FOMC member saw a cut in 2020 and 2021 so the bar for such decision could be really high. That’s supportive for the dollar we are also seeing a modest decline on Gold. Keep in mind that J.Powell will start his post-meeting conference in less than 30 minutes.
BREAKING: Mixed JOLTS & University of Michigan data❓
BREAKING: Canada Labor market keeps deteriorating 📉
BREAKING: PCE in lane, GDP growth slows down! 🔥🚨
Economic Calendar: U.S. PCE Reading in the Spotlight!