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LATAM FX

Price Signal Summary: USD Remains Below Recent Highs

PIPELINE

Citigroup 3Pt on Tap

US TSYS

Repo Reference Rates

GILTS

Find a bid on Gilts cut remit expectation

FED
FED: FOMC raised the funds rate to 1.50% to 1.75% on 8-0 vote, while 
the dots suggest three hikes in 2018. However, 2018 dots show they were 
only one dot away from raising to four hikes.
- Despite the median expectation for rates at the end of 2018 remaining 
at 2.1%, they were raised for all other years. 2019 is now projected for 
three hikes, moving the projection to 2.9%. 2020 rose to 3.4% and longer 
run to 2.9%. 
- There were minimal changes in the statement. However, they did note 
that inflation on a 12-month basis is expected to move up "in coming 
months" rather than "this year." Additionally, household spending and 
business fixed investment is now reported to "have moderated from their 
strong fourth-quarter readings."
- The economic projections show a slightly more hawkish stance, with a 
stronger GDP growth and a lower unemployment rate at the end of 2018. 
The unemployment rate is seen at 3.8% at the end of 2018 and dropping to 
3.6% for 2019 and 2020.