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Daily Futures Trading Update

What to Expect from the FOMC

Posted 06/13/2017 9:24AM CT | Laura Taylor

Today the FOMC (Federal Open Market Committee) will be meeting to discuss interest rates. They are expected to raise their benchmark interest by one quarter percent. They may also provide more details on their plans to shrink the $4.5 trillion dollars of assets they have amassed to nurse the economic recovery. Frederik Ducrozet, an economist at Picet Wealth Management said, “If the Fed is tightening policy and embarking on a gradual normalization path, whether it is the short-term policy rates or the balance sheet, it wants the market to believe it and to adjust to it.” Since the rate hike is expected, the more market-sensitive elements of the meeting will relate to signals on future policy. Traders will be looking for the comments that come out after the committees’ decision and what Janet Yellen has to say. Results are announced at 1:00 pm CST time on June 14.

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Laura Taylor

Senior Market Strategist
Laura began her career in the financial industry in 1981. In 1985 Laura and some former colleagues developed and organized a new IB division at Index Futures Group. With a partner, she named the division (Brokers Resource Corp.), developed the client base and supervised a staff that serviced guaranteed and non-guaranteed IBs located across the country. She developed the in-house procedures manual and conducted on-site compliance audits. I was also one of the original co-founders of the National IB Association (NIBA) and hosted the very first NIBA conference in Chicago. After Index Futures Group sold their IB division Laura stayed on to manage the new accounts department as vice president of operations and then became their director of compliance. In 1996, as part of ED&F Man, Laura decided to venture into a new role in the commodity industry by putting her AP license to work by developing a client base as a commodities broker. Laura joined RJO Futures in 2011 where she enjoys being a senior commodities broker assisting clients with their trading decisions, the execution of their trades and specializing in automated trading for newsletter and hotline subscribers.
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