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All Eyes on the Fed | Oil Extends Gains

Published July 26, 2017
  • The Federal Reserve is widely expected to leave rates unchanged today, maintaining the target range of 1.00% – 1.25%
  •  Market participants are anxiously awaiting the 2PM Fed Statement in the hopes it will provide clues to Fed policy for the rest of 2017, including potentially starting to unwind its $4.5 trillion balance sheet
  • Uncertainty regarding Trump’s ability to overhaul the tax code and follow through on stimulus plans have also contributed to recent weakness in the U.S. dollar
  • Oil prices moved higher again this morning ahead of today’s weekly crude oil inventory report