What will the FOMC & CPI Announcement Include Today?

Markets already seem to be responding to the optimistic speculation that the Federal Reserve will hike its rates – most like in response to signs of growth like lowered unemployment and lowered consumer prices. The Nasdaq composite managed to break free of its two-day losses and both The Dow Jones and S&P 500 closed yesterday at record highs.
Although the FOMC will announce a potential hike later today, most investors and traders are taking it as a given already. If the Fed decides to preserve rates though, the USD and US shares will suffer as traders sell to buy up safe-havens such as bonds.
CPI – To Be Announced at 8.30 A.M.

Just before the bell rings to open the US market the Bureau of Labor Statistics is slotted to announce the CPI for June. The forecast for Consumer Price Index shows steady growth which will inevitably bolster decisions regarding raising interest rates.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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