Today FOMC statement released from the federal bank . more comments said today with the hike of Fed rate from 1.75% to 2% . 4 rate hikes in 2018. Projection is for 2.4% from 2.1%. Raised GDP to 2.8% from 2.7% . Lowered Unemployment to 3.6% from 3.8% . Finally core PCE at end of 2018 at 2.0% from 1.9%.
Today strong news released from UK and US . from UK : in morning Average Earnings Index released as expected at 2.5% . also Unemployment Rate fixed at 4.2% . from US : CPI released today and it result 0.2% as last month . Core CPI also released in the same time and raised from 0.1% to 0.2% . this news made mixed effect on all currencies . and until now markets cant take clear direction .
Markets moved today with strange movements . Manufacturing Production drop very strongly today with -1.4% ( the largest since March 2013) . this news affect on GBP against dollar more than 50 points . USD/JPY raised today also +100 points . (the big move today ) . USD/CAD raised today to reach 1.3027 from 1.2920 in Friday because of the Gap in the opening .