Expect volatility following the FOMC Financial Stability Report
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Dear Phan, | The Federal Open Market Committee (FOMC) will publish its quarterly Financial Stability Report today at 8:00 PM (GMT). Trade now! | The last time the Fed commented on financial stability was on Wednesday when Fed chairman Jerome Powell claimed that the US banking sector was "sound and resilient." A few hours later, PacWest Bank shares crashed. | This embarrassing turn of events hurt the Fed's credibility among analysts. | This means that if the Fed reports that the US is financially stable today, there will be many investors who simply won't buy it. Either way, expect lots of USD volatility following today's statement! | | | |
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** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice. | | | |
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