FOMC expected to keep today the interest rate at +1.00%. No press conference at this month’s meeting

Market news

3 May 2017

FOMC expected to keep today the interest rate at +1.00%. No press conference at this month’s meeting

Traders will focus on the forecasts for the U.S economy - inflation, employment. Focus also on the statement that the Fed makes, particularly how they view the softness in Q1 in the real sectors of the economy. USD volatility expected.

U.S. commercial crude oil inventories decreased by 0.9 million barrels from the previous week

U.S.: Crude Oil Inventories, April -0.930 (forecast -2.160)

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