FOMC minutes results: Reductions in the pace of asset purchases, by $10 billion in the case of Treasury securities and $5 billion in the case of agency mortgage-backed securities (MBS)
CPI outcome: Core Inflation Rate YoY unchanged 4% and Inflation Rate YoY 5.4% +0.1% more than expected.
Dollar index retreated to 94.1 with fear of inflationary pressures remained high in September helping the equities to rally US500 +0.28% USNDX+0.76%. FOMC showed that it is close to start tapering, possibly in mid-November with hike rates possible at late 2022 or early 2023.
As predicted, JPY rallied USDJPY: 113.28 -0.27 -0.24%
 |
| CPI DATA |
 |
| Dollar index DXY |
No comments:
Post a Comment