Federal Reserve Changes Fed Funds Range to 1.75% to 2.00%, as expected

Market news

14 June 2018

Federal Reserve Changes Fed Funds Range to 1.75% to 2.00%, as expected

FOMC: Voted 8-0 For Fed Funds Rate Action
Fed Cuts Language From Statement On Rates Remaining Below Long-Run Levels 'For Some Time'
Signals Further Gradual Rate Increases
Raises Interest on Excess Reserves to 1.95%
Monetary Policy Remains Accommodative

Germany: CPI, m/m, May 0.5% (forecast 0.5%)

Japan: Industrial Production (YoY), April 2.6% (forecast 2.5%)

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