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FOMC 19th June 2019 - 1900 BST - watch IGTV Live

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Slim but notable chance of a rate cut by the Fed this evening (1900 UK time). You can watch IGTV live over the announcement, both here on Community and within the dealing platform. 

 

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Tentative consensus is an unchanged rate range of 225-250 bps, the CME currently gives a 20.8% (FF 19.7%) probability of a rate cut:  https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Also check out the IG dealing platform news and analysis section for up to date information on the rate decision, and also the right hand twitter feed for immediate updates. 

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In theory a rate cut would boost equities and see Gold stop its uptrend. Now it could be that the potential rate cut is being priced in as we speak and has been priced in. There are times when the opposite of what we think should happen occurs. It is fascinating how the price action of various assets will behave based on the Fed’s decision.

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I personally would be surprised if the Fed cut rates. They would potentially keep this option when absolutely necessary and I don’t think the US is at that stage yet. 

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No surprises in the data, word changes in the mon pol statement reflect concern over low inflation and point to the expected rate cut next month. The presser starts in 5 minutes.

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