US April durable goods 0.4% vs. 0.6% expected

• Durable goods orders 0.4% vs. 0.6% expected. Prior month revised to 0.6% from 1.1%
• nondefense Cap Ex Air 0.3% vs. 0.5% expected. Prior month revised to 1.1% from 1.3%
• Ex Defense 0.3% vs. 1.0% expected. Prior month revised to 1.2% from 1.4%
• Ex transportation 0.3% vs. 0.6% expected. Prior month revised to 1.2% from 1.4%
• durable goods are still up 6 the last 7 months
• shipments of manufactured durable goods in April increase by 0.1%. It is the 11th increase in at 12 months. In March shipments increased by 1.4%
• unfilled orders rose for the 20th consecutive month. Increase by 0.5% followed by a 0.5% increase in March. Transportation equipment rose for the 14th of 15th month and led the increase by 0.7%

Overall numbers are worse than expected across the board with revisions also lower.

The expectations for a 50 basis point hike by the  Federal Reserve 
Federal Reserve

The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the US while buttressing a financial system for the country. Its general duties are setting and guiding monetary policy and overseeing effective economic operation, both of which are at the service of the public interest.How the Federal Reserve Affects ForexThe Fed can materially impact the US dollar by virtue of the interest rate it sets, measured by the Board of Governors of the Federal Reserve System. The current interest rate and the expectations of future interest rate changes can influence the value of the US Dollar. For example, if traders anticipate a change in interest rates based on announcements from the Board of Governors, this can cause the US dollar to appreciate or depreciate in value against other currencies.Forex traders should always be aware of meetings and announcements from the Fed and should keep track of developments within the central bank.Ultimately, the Federal Open Market Committee (FOMC) holds eight regular meetings per calendar year, where policies and interest rates are discussed and agreed upon. The best course of action is to keep up with news ahead of these meetings as a forex trader to make predictions about interest rates, and whether to buy or sell the US dollar.

The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the US while buttressing a financial system for the country. Its general duties are setting and guiding monetary policy and overseeing effective economic operation, both of which are at the service of the public interest.How the Federal Reserve Affects ForexThe Fed can materially impact the US dollar by virtue of the interest rate it sets, measured by the Board of Governors of the Federal Reserve System. The current interest rate and the expectations of future interest rate changes can influence the value of the US Dollar. For example, if traders anticipate a change in interest rates based on announcements from the Board of Governors, this can cause the US dollar to appreciate or depreciate in value against other currencies.Forex traders should always be aware of meetings and announcements from the Fed and should keep track of developments within the central bank.Ultimately, the Federal Open Market Committee (FOMC) holds eight regular meetings per calendar year, where policies and interest rates are discussed and agreed upon. The best course of action is to keep up with news ahead of these meetings as a forex trader to make predictions about interest rates, and whether to buy or sell the US dollar.
Read this Term at the next 2 meetings has moved below 100%, but is still centered around 95%. However in September, the expectations for 50 basis point cut has been slashed to around 30% as traders take away some of the hike expectations due to the weaker than expected data seen recently (and stock/housing price declines/inflation increases).