by Ntombi Malatsi | Feb 3, 2018 | ECONOMIC NEWS
FOMC Meeting Dates 2018
The Federal Open Market Committee (FOMC), is a committee within the Federal Reserve System (the Fed) Its mandate is to oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply.
The Federal Open Market Committee (FOMC) consists of twelve members, the seven members of the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York, and four of the remaining eleven Reserve Bank presidents who serves one year term. The Federal Reserve said their farewell to Janet Yellen who was the 15th Chairwoman of the Federal Reserve from the 3rd of February 2014 – the 3rd of February 2018. Her last meeting was on the 31st of January 2018. The newly appointed Fed Chair, Jerome Powell will be sworn in on Monday the 5th of Fecruary and he is expected to hike the rates in his March meeting.
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by Ntombi Malatsi | Jan 28, 2018 | ECONOMIC NEWS
Economic News To Watch This Week
Highlights from previous week: Bank Of Japan (BOJ) left their interest rates unchanged at -0.10%. New Zealand dropped by 0.1%. Canada Core Retail Sales rose by 1.6%. Non-Farm Payrolls this Friday, you can check the annual schedule HERE. Below is our weekly economic calendar for this week.
by Ntombi Malatsi | Jan 28, 2018 | ECONOMIC NEWS
About European Central Bank (ECB)
Bank Rate: 0.00%
President : Mario Draghi
Headquarters: Frankfurt , Germany
ECB’s President Mario Draghi started to serve as a President since November 2011 and previously served as the Governor of Bank of Italy from 2005 to 2011. He was also a Chairman of the Financial Stability Board from 2009 to 2011. You can read more about the European Central Bank (ECB) HERE.
How To Subscribe To This Blog:
- Enter your email address from the sidebar where it says “SUBSCRIBE TO MY BLOG” and click “SUBSCRIBE”
- Go to your email to look for a confirmation email (check on your spam folder if you do not find it on inbox)
- Click on that link from email to confirm your subscription and you should start to receive my weekly economic news and weekly blog posts.
To open your Live Account with one of the legit and FSB regulated brokers, choose from these brokers HERE. For further assistance, email me at ntombimalatsi@learnfxtrading.net or Whatsapp me on +27 64 510 4132 / +27 76 966 9392 for instant chat. For private lessons, you can email, WhatsApp or enroll HERE. As promised in the beginning of the year, I will publish all important dates to assist you with your planning. Below is the annual schedule for the European Central Bank
by Ntombi Malatsi | Jan 22, 2018 | ECONOMIC NEWS
Economic News To Watch This Week
It looks like the Central bankers will invade the markets this week. We will hear a lot from the Central bankers. Kicking off the week will be Bank Of Japan’s (BOJ) rate decision together with their monetary policy statement. Mario Draghi on ECB Press Conference on the 25th. Bank Of England (BOE) on the 26th. Below is our weekly economic news to watch.
by Ntombi Malatsi | Jan 20, 2018 | ECONOMIC NEWS
About Bank Of Canada (BOC)
Bank rate: 1.25%
Governor: Stephen Poloz
Headquarters: Ottawa, Canada
Stephen Poloz is a Canadian Banker, born in 1956. He is the 9th Governor of Bank of Canada. He is also a member of the board of directors for the Bank of International Settlements. He was appointed on the 3rd of June 2013. He is a former head of Export Development Canada. Learn more about the key responsibilities of Bank of Canada HERE. Bank Of Canada recently hiked their rates last Wednesday by 25 basis points from 1.00% to 1.25%. Here is the yearly schedule for Bank Of Canada Interest Rates.
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