![]() Declines in interest rates likely supported stock prices over the period, while some positive earnings releases suggested to investors a less pessimistic corporate outlook. The market-implied path of the federal funds rate indicated a peak policy rate of around 3.4 percent, significantly lower than at the time of the June meeting.īroad equity price indexes were higher over the intermeeting period, amid heightened volatility. ![]() Nearly all respondents to the Desk survey anticipated a 75 basis point increase in the target range at the current meeting and most expected a 50 basis point increase in September to follow. Market participants perceived falling commodity prices-particularly for oil-and the FOMC’s commitment to bringing inflation down as pointing to lower inflation ahead.Īlso Read – BBBY Stock: Here’s why Bed Bath & Beyond share price is falling economy could enter a recession in coming quarters. Respondents to the Open Market Desk’s surveys of primary dealers and market participants marked down their growth forecasts for 20 and attached higher odds than in the June survey to the possibility that the U.S. Most market participants appeared to view a moderation of inflation and slower, but still positive, economic growth ahead as the most likely scenario.Īlso Read: Top 5 equity holdings of Warren Buffett’s Berkshire Hathaway portfolio Study abroad loan with or without collateral from an Indian bankįinancial markets over the intermeeting period reflected elevated uncertainty about the outlook.
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