Markets are nervous heading into the December FOMC meeting and a potential U.S. government shutdown....
All Eyes On The Fed
09/16/2008 12:00 am EST
The most important announcement by far tomorrow is the interest rate announcement from the US Federal Open Market Committee (FOMC). After today's meltdown on Wall Street, many traders are anticipating the Fed is going to lower interest rates from 2.00 percent to 1.75 percent. If that happens, watch for the US dollar (USD) to lose value.
Of course, the BOE Inflation Report is also going to be interesting. The UK economy isn't doing so well, and if inflation pressures are easing, the Bank of England (BOE) is much more likely to cut interest rates in the future.
Here are the economic announcements you need to keep a close eye on tomorrow:
- CHF Industrial Production
- GBP Consumer Price Index (CPI)
- EUR German ZEW Economic Sentiment
- GBP BOE Inflation Report . USD Consumer Price Index (CPI)
- USD Treasury International Capital (TIC) Transactions
- USD Interest Rate Statement
For more announcements, visit the MoneyShow.com Econoday Calendar.
Related Articles on FOREX
Market confidence remains delicate. Understatements about the wretched state of risk-taking collide ...
Today is my birthday. I now have had a lot of practice with dealing with them and yet the melancholy...
I have my great grandmother’s clock from Vienna. It doesn’t work, but I remember the chi...