FED leave mortgage coalculator home loans rates Unchanged as expected
As predicted the Federal Reserve left the bench mark interest rate unchanged at 2%, ending the fastest series of rate reductions in two decades.
Although downside risks to growth remain, it appears that increasing inflation is becoming a greater concern. It has been said that this is a âbaby step' in the direction of raising rates, as the FOMC leave their options open.
ECB President Trichet's comments during yesterday's press conference have cemented expectations that a 25bps rate rise in July is almost certain, with investors not ruling out the possibility of two rate increases this year, as inflation pressures have intensified in recent months.
Trichet told the European Parliament "he did not envisage a series of increases, that being said, we never pre-commit. I said that we could increase rates by a small amount in order to secure a solid anchoring of inflation expectations'.
On the back of Trichet's comments we saw the Euro strengthen against the Dollar and the pound.
Oil dipped below $134 a barrel on Wednesday after reports showed that US Inventories had unexpectedly increased to 301.8m barrels in the week ended 20 Jun, against a forecasted decline of 1.1m barrels.
A report released by the US Energy Department yesterday has indicated that oil prices will decline to $70 a barrel by 2015 as new production begins in Azerbaijan, Canada, Brazil and Kazakhastan, however, it is predicted that this will be short lived as the price of oil will rise again to $113 a barrel by 2030 as the market remains relatively tight.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Although downside risks to growth remain, it appears that increasing inflation is becoming a greater concern. It has been said that this is a âbaby step' in the direction of raising rates, as the FOMC leave their options open.
ECB President Trichet's comments during yesterday's press conference have cemented expectations that a 25bps rate rise in July is almost certain, with investors not ruling out the possibility of two rate increases this year, as inflation pressures have intensified in recent months.
Trichet told the European Parliament "he did not envisage a series of increases, that being said, we never pre-commit. I said that we could increase rates by a small amount in order to secure a solid anchoring of inflation expectations'.
On the back of Trichet's comments we saw the Euro strengthen against the Dollar and the pound.
Oil dipped below $134 a barrel on Wednesday after reports showed that US Inventories had unexpectedly increased to 301.8m barrels in the week ended 20 Jun, against a forecasted decline of 1.1m barrels.
A report released by the US Energy Department yesterday has indicated that oil prices will decline to $70 a barrel by 2015 as new production begins in Azerbaijan, Canada, Brazil and Kazakhastan, however, it is predicted that this will be short lived as the price of oil will rise again to $113 a barrel by 2030 as the market remains relatively tight.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Labels: FED, home loans, inflation, interest rates, mortgage calculator, Oil, wise money
posted by Wise Money @ 7:44 AM
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