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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Mon. July 3 @ 1:00 pm ET ~ U.S. Markets close early for Independence Day holiday
* Tues. July 4 ~ U.S. Markets closed for Independence Day holiday
* Wed. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 7 @ 8:30 am ET ~ Employment Data
* Wed. July 12 @ 2:00 pm ET ~ Beige Book Report
* Tues. July 25 ~ 2-day FOMC Meeting Begins
* Wed. July 26 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, November 30, 2016

Beige Book Report: Current Conditions Do Not Support Dec/16 Rate Hike

This summary of today's release of the FOMC Beige Book Report (courtesy of Nasdaq.com) is hinting that current soft economic conditions may not be supportive of an FOMC rate hike in December.

We'll see what current (and any anticipatory) factors may have been considered that would warrant a rate hike, if one is, in fact, implemented...hopefully, they will be clearly spelled out in Ms. Yellen's 2:30 pm press conference that will follow the Fed's rate announcement on December 14th.