On Wednesday, the US Federal Reserve hiked the interest rates by a quarter point to 2.25%, a fund target rate not reached since the 2008 economic crisis.
But while we cautiously keep an eye on credit card rates, house prices, and our retirement savings, it’s also worth checking out next week’s potential market shifters, of which there are many: Manufacturing PMI (GBP), Unemployment Rate (USD), RBA Rate Statement (AUD) and more.
Last week, all eyes were set on the upcoming FOMC meeting, with many financial analysts warning that the spreads between short-term and long-term debt rates have shrunk to lows not seen since the infamous 2008 financial crisis.
After initial bouts of excitement preceding the most anticipated 2018 event for Apple fans, many were left largely disappointed by what the company had in store. Naturally, this sentiment was instantly picked up by the global markets and negatively impacted the company’s stocks.
Now that the latest Keynote is behind us, was the public’s response warranted and was its reaction to Apple’s 2017 event really any different?
The upcoming week is shaping up to be exciting to both traders and investors alike, promising events like a Libor Rate Statement (CHF), a Monetary Policy Statement (JPY), a quarter over quarter GDP report (NZD)… and the list keeps on going.