{"id":25632,"date":"2018-03-21T12:28:11","date_gmt":"2018-03-21T06:58:11","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25632"},"modified":"2018-03-21T12:51:14","modified_gmt":"2018-03-21T07:21:14","slug":"fomc-minutes-today-25bps-rate-hike-expected","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/fomc-minutes-today-25bps-rate-hike-expected\/","title":{"rendered":"Wednesday 21st March: FOMC minutes today, 25bps rate hike expected"},"content":{"rendered":"<h2>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Shanghai Composite down 0.55%, Hang Seng up 0.05%, ASX up 0.23%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1313.70 (+0.14%), Silver at $16.23 (+0.28%), WTI Oil at $67.56 (+0.21%), Brent Oil at $63.66 (+0.19%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.898, UK 10-year yield at 1.485, Germany 10-year yield at 0.581<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -1.20% vs -0.60% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">&nbsp;(EUR) German ZEW Economic Sentiment 5.1 vs 13.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) PPI Input m\/m -1.10% vs -0.90% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) CPI y\/y 2.70% vs 2.80% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) HPI q\/q 1.00% vs 0.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australian bonds slump following weakness in U.S. Treasuries; hopes of FOMC rate hike reign<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Fitch Affirms China at &#39;A+&#39;; Outlook Stable<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian equities traded slightly higher today, with the markets watching out for the FOMC meeting decisions&nbsp;and commentary. A 25 bps rate hike is expected today.&nbsp;The markets are looking forward to the commentary, on whether there will be an additional rate hike this year, and what the outlook for 2019 would be.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Hang Seng traded in the green, with Tencent leading the tech recovery. Real estate companies on Hang Seng also gained after posting better than expected earnings. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Recovery in iron ores futures boosted miners, pulling up the ASX. Trading volumes were lower owing to the holiday in Japan. The Vernal equinox holiday, and investors being wary of Fed outcomes has led to a very thinly traded session today<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">The dollar continues to trade mixed against major crosses. The Kiwi dollar was trading lower in anticipation of Thursday&rsquo;s RBNZ meeting. Gold traded in the green, but gains were thin.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Tensions in the Middle East helped lift oil prices, which were already supported by healthy demand numbers.<\/span>\n<\/p>\n<h2>\n\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Average Earnings Index 3m\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Claimant Count Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Public Sector Net Borrowing<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Unemployment Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Current Account<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) Existing Home Sales<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Crude Oil Inventories<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) FOMC Economic Projections<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) FOMC Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 PM GMT &#8211; (USD) Federal Funds Rate<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">06:30 PM GMT &#8211; (USD) FOMC Press Conference<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 PM GMT &#8211; (NZD) RBNZ Rate Statement<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:00 PM GMT &#8211; (NZD) Official Cash Rate<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Shanghai Composite down 0.55%, Hang Seng up 0.05%, ASX up 0.23% Commodities : Gold at $1313.70 (+0.14%), Silver at $16.23 (+0.28%), WTI Oil at $67.56 (+0.21%), Brent Oil at $63.66 (+0.19%) Rates : US 10-year yield at 2.898, UK 10-year yield at 1.485, Germany 10-year yield at 0.581 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/fomc-minutes-today-25bps-rate-hike-expected\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 21st March: FOMC minutes today, 25bps rate hike expected<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25632"}],"version-history":[{"count":5,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25632\/revisions"}],"predecessor-version":[{"id":25637,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25632\/revisions\/25637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25629"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}