Special report: FOMC Preview – Mandate Beyond Borders
Pre NFPs the Fed was on course for a summer rate hike and the risk of Brexit was minimal. But post NFPs, the market has scaled back rate hike expectations with the slowdown in the labour market and latest EU referendum momentum shift in favour of the leave camp throwing cold water on the global recovery. How will the Fed respond?
Next 24 hours: One Down, Three to Go
The first of four major central bank policy decisions in a 24 hour period has come and gone, with the Fed leaving rates on hold as was widely expected. Still, the general message was perceived to lean to the accommodative side, with the Fed plotting a more dovish path and offering no explicit timeline for future hikes.