Did the FED already know the GDP numbers?
Skerdian Meta • 1 min read
The FED closed any windows for a possible June rate hike yesterday with their FOMC statement. Did they have a peek at the GDP numbers which were released today? The prediction was for a 0.7% expansion of the GDP in the Q1 2016. After yesterday´s positive US trade numbers the market stretched the expectations further to 0.8%. But, the real numbers released today showed a 0.5% expansion in the first quarter. Did the FED stick to being dovish because they knew the numbers already? Anyway, the Buck remains unfazed by the miss in the GDP data.
EUR/SD is in fact 30 pips lower after the US GDP numbers missed the expectations