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PBBANK: Technical Outlook Suggest Target of RM5 (Uptrend but Overbought) - KingKKK
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by financialanalyst18 > 2015-09-13 07:44 | Report Abuse
Minutes of the Federal Open Market Committee July 28-29, 2015 • FOMC Minutes A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 28, 2015, at 10:30 a.m. and continued on Wednesday, July 29, 2015, at 9:00 a.m. PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Jeffrey M. Lacker Dennis P. Lockhart Jerome H. Powell Daniel K. Tarullo John C. Williams Details from the US Fed's FOMC monetary policy meeting 29 July 2015 • Leaves Fed Funds rate in 0.0% - 0.25% range • Unanimous 10-0 vote for unchanged • Repeats sees inflation rising to 2.0% target over medium term • Risks to economy and job market outlook is nearly balanced • Labour market continued to improve, job gains are solid • Business investments and net exports stayed soft • Repeats wants to be reasonable confident on inflation • Labour slack has diminished since early this year • Economy expanding moderately in recent months • Consumer spending is moderate • Housing needs more improvement The initial response is the expected disappointment that the Fed haven't set up the prospect of a date. The dollar dropped but has bounced right back to opening levels WASHINGTON (MarketWatch)—It’s still not clear what would persuade Federal Reserve officials to raise interest rates after nearly seven years at zero. Only one of the 10 Fed officials who have a vote this year was ready to hike rates in June, but that official expressed a willingness to wait “another meeting or two,” according to minutes of the U.S. central bank’s meeting released Wednesday. All of the other nine voting members said they were not ready to move. But these officials were not precise in what data they wanted to see before they would be persuaded to hike. Officials said only they needed more evidence that “economic growth was sufficiently strong and labor market conditions had firmed enough to return inflation to the Committee’s longer-run objective over the medium term” according to the minutes. A “number” of officials, which Fed watchers say means in the range of five, cautioned against a “premature” increase in interest rates. There was concern at the meeting about developments in Greece and China and possible spillover effects on the U.S.