Except Fed this week will also be sessions of eight different banks including Bank of Japan and Bank of England. The results of the sessions will let understand the reactions of other countries on Fed’s session. On Thursday (16.03.2017) Donald Trump will avail the budget estimates to Congress and state the priorities of Presidential Office. This statement will explain the tendency of shares climbed to the all-time peak. After 50 days of Trump’s presidency S&P 500 increased 4,5% and DJIA increased 5,3% what is the best result for a republican president. But if the Trump’s budget estimates will not satisfy the expectations of the market, this may cause a slump in prices. Most of investors are loosing their optimism and now they start understanding the difficulty of processes of tax reduction and implementation of fiscal incentives. After last week all three main American Indexes fell, S&P 500 fell after six weeks of growth.
The middle of March will be full of milestone events. CMC Markets are sure that 15th and 16th of March will bring incredible trading opportunities. The decision of FRS about monetary policy this Wednesday will attract heavy attention of the markets. While almost 100% of investors are sure that after the hawkish February statement about the employment the interest rates will be increased. According to Boston Private Wealth FRS will choose to be “hawkish”. This may cause oversells on market. But Yellen will try to give positive statements to avoid depression. These statements may put an end to the liberal monetary policy and become the defining moment for US stock market.
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