This week we are reviewing two key events from last week; Firstly the outcome of the Federal Reserve’s rate setting committee, the FOMC, and the hike in rates; And secondly the release of the US Second Quarter Gross Domestic product reading and what we can take from them. Whilst two quarters of negative growth is the typical description of a “recession”, Jerry explains why the US is not regarded as being in Recession.
Central Bank policy updates are key to all of the markets we trade and the focus this week is on the Bank of England and their rate setting committee the MPC. Find out what we can expected from the MPC and why. In concluding this week’s Insight Jerry looks at the key release of US Non-Farm employment report and its implications.