Federal Reserve

As expected, the Fed left fund rates target range unchanged at 5.25%-5.5%. Fed policymakers now see only one rate cut of 25 basis points in 2024, compared to a total of 75 basis-point cut previously.

2024-06-13T08:30:42+0100

The Asian session is set for a positive open as broader sentiments were relieved to get past the recent US inflation data and the FOMC meeting without much of a hiccup.

2024-06-13T03:29:05+0100

The sole currency to watch on Wednesday is the US dollar. It will have to go through a first test at 1.30 p.m., at the release of the latest US inflation data.

2024-06-12T08:09:02+0100

The waiting game begins as markets are expected to tread lightly ahead of the key US inflation data and Federal Open Market Committee (FOMC) meeting later today.

2024-06-12T03:28:45+0100

The US rate decision on Wednesday may be pushed into the shadow of the consumer price inflation data out earlier in the day.

2024-06-11T10:55:32+0100

A drift higher in Wall Street overnight places the S&P 500 and Nasdaq in an all-time closing high.

2024-06-11T10:37:04+0100

Ahead of the FOMC economic projections and US Federal Reserve meeting, FX traders might find volatility in the pound and the Australian dollar ahead of the latest UK jobless print and business confidence reading from Down Under.

2024-06-10T16:29:59+0100

Friday’s blowout payrolls report put new life into the US dollar, as markets frantically revised down their expectations of any rate cuts in 2024.

2024-06-10T11:59:19+0100