{"id":144063,"date":"2019-03-21T07:20:09","date_gmt":"2019-03-21T11:20:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144063"},"modified":"2019-03-21T06:34:24","modified_gmt":"2019-03-21T10:34:24","slug":"fed-cuts-rate-hikes-projections-to-zero","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/fed-cuts-rate-hikes-projections-to-zero\/","title":{"rendered":"Fed cuts rate hikes projections to zero"},"content":{"rendered":"
March 21, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Stocks fall and dollar weakens after dovish Fed<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> continued retreating on Wednesday led by bank shares after dovish Fed decision. The S&P 500<\/a> slid 0.3% to 2824.23. The Dow Jones <\/em> industrial average fell 0.6% to 25745.67. Nasdaq <\/em> composite index however added 0.1% to 7728.97. The dollar weakening accelerated as Federal Reserve cut the projection of the number of interest rate hikes expected this year to zero from the two forecast in December. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.6% to 95.94 and is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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DAX 30 leads European indices losses<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> turned lower on Wednesday with all sectors down. The EUR\/USD<\/em> accelerated its climb while the GBP\/USD <\/em> turned lower as the UK officially requested a delay to its departure from the EU. Both pairs are currently higher. The Stoxx Europe 600 fell 0.9% led by auto makers shares. Germany\u2019s DAX 30 <\/em> dropped 1.6% to 11603.89, France\u2019s CAC 40<\/em> lost 0.8% and UK\u2019s FTSE 100 <\/em> slid 0.5% to 7291.01.<\/p>\n

\"DE30<\/p>\n

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Shanghai Composite leads Asian indices higher<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today after dovish Fed decision. Nikkei <\/em> added 0.2% to 21608.92 despite yen\u2019s continued climb against the dollar. China\u2019s stocks are mixed: the Shanghai Composite Index <\/em> is up 0.4% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.7% lower. Australia\u2019s All Ordinaries Index inched up 0.03% despite the Australian dollar continued gain against the greenback.<\/p>\n

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Brent <\/a> rises boosted by more US inventories drop<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains today. Prices rose yesterday after data showed US crude stockpiles fell by 9.6 million barrels last week with gasoline supplies dropping further. May Brent crude rose 1.3% to $68.50 a barrel on Wednesday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Stocks fall and dollar weakens after dovish Fed US stock market continued retreating on Wednesday led by bank shares after dovish Fed decision. The S&P 500 slid 0.3% to 2824.23. The Dow Jones industrial average fell 0.6% to 25745.67. Nasdaq composite index however added 0.1% to 7728.97. The dollar weakening accelerated as Federal […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144063","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=144063"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144063\/revisions"}],"predecessor-version":[{"id":144069,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144063\/revisions\/144069"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}