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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Fed March Hike Not Possible, But June Hike Still on the Table

May, 03 2017
watermark Economic news

Members of the financial industry are no longer expecting the Federal Reserve to push through with their previously cashed-in interest rate hike at the central bank’s two-day monetary policy meeting which will be concluding this coming Wednesday. However, investors will be looking for possible clues on a chance of another interest rate hike from the Fed this coming June during the central bank’s next policy meeting. The Fed is expected to implement two more benchmark interest rate hikes within the year, although the  bank’s officials are not expected to detail a specific timetable for the said rate hikes.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.