FOMC puts pressure on commodities

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There were no surprises today when it came to the US interest rate decision with interest rates remaining flat on 2%. The big surprise, however, was that the FED was not more upbeat than usual, which markets had kind of expected. For now the focus from the FED remains firmly on maximum employment in the US as well as systematically focusing on that 2% inflation goal. Funnily enough the FOMC did not mention the trade risks at hand as the US looks to raise further tariffs on China again, which is also likely to impact the dollar in the short term. Despite the tariffs the US economic situation… Read More

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