21 Aug 2018 | 3:20 PM
Research Report

Commodity Research Report: Weekly Report: Metals & Energy

Metals and Energy Weekly Report (September 22-September 26, 2014)
22 Sep 2014 | 05:07 PM

  • FOMC meeting was held last week and the Fed said that for the end of next year, the median of the projections for interest rates was 1.375 per-cent, compared to 1.125 percent in June, while the end-2016 projection moved up to 2.875 percent from 2.50 percent.
  • Fed cut monthly assets purchase by 10bn USD to 15bn USD. It will purchase 5bn USD per month in Mortgage-based Securities.
  • It will assess employment, inflation aims in deciding on rate levels and it reiterated that inflation is below objective.
  • Fed plans to end asset buys at next meeting and official saw slightly faster decline in jobless rate and significant underutilization of labor re-sources.