29Jul2015 Market Close: Fed FMOC Says No Changes Yet, DOW Closed Up Triple Digits, Oil And Dollar Rise After FMOC Report


Written by Gary

As expected, volatility was the key word following the Fed's two-day policy setting committee meeting. It said, it sees improvement in the labor market with 'solid job gains,' and declining unemployment. Wall Street held on to gains which did not give investors more clarity on when the central bank is likely to begin raising interest rates. Markets Closed solidly in the green with the DOW closing up 121 points.

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What We Read Today 28 July 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Stunning TIMELAPSE: East Coast Under Heavy Thunderstorm Seen From ISS

Stunning time-lapse footage captured from the International Space Station, filmed on July 17 and released on Monday, shows thunderstorms hovering over the east coast of the US

Infographic Of The Day: Workplace Video Conferencing Reinvented

Video conferencing has long promised to change how we communicate, but most are still waiting for a good solution for widespread video conferencing in the workplace.

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Video of the Day:

Stunning time-lapse footage captured from the International Space Station, filmed on July 17 and released on Monday, shows thunderstorms hovering over the east coast of the US

video of day picture

FOREX NEWS by DailyForex

Japan Moves to Eclipse China in Retail Sales

Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.

Yen Dips as Safe Haven Appeal Wanes

The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.

Will Fed Hint at Rate Increase at Wednesday Meeting

The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.

Will ‘Brexit’ Fears Make London Think Twice about the euro?

When we talk about the euro, we usually don’t consider the United Kingdom as a dominant presence in the discussion. After all, despite being a member of the Eurozone group, London has opted to keep the Pound Sterling as her local currency.

IFO Surprises and Lifts Euro

The Euro had been gathering steam and had earlier struck a 2-week peak versus the US Dollar as traders awaited the release on German business sentiment. Germany, as the largest economy in the Euro area, essentially drives the remainder of the Eurozone and largely sets sentiment for the common currency.
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29Jul2015 Market Update: Markets Climb Higher In Afternoon Trading Ahead Of Fed FMOC Minutes, Oil Melting Up And U.S. Dollar Seesawing Upwards

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Turkey Joining Islamic State Offensive - So Why is it Targeting the Kurds?

by Simon Mabon, The Conversation

Between 03.40 and 03.53 on July 24, three Turkish F-16 jets bombed three Islamic State targets in Syria. This was the first time the Turkish military has taken direct action against the terrorist group.


 USA economy at a glance (boxed items are updates in last 7 days)

29 July 2015 FOMC Meeting Statement: Still No Clue to When the Federal Funds Rate Will Be Raised. Economic Growth Rate Appears Unchanged.

Econintersect: The Federal Open Market Committee (FOMC) - the board of directors of the Federal Reserve continued to give no clues as to when they will raise the Federal Funds rate. They stated ....

.... that economic activity has been expanding moderately in recent months.

This is the same words used in the previous statement in June which would indicate the FOMC is not seeing any change in the rate of economic expansion.

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