federal reserve

The gold price surpassed its previous high from the pandemic period, fueled by growing expectations of interest rate cuts in the US in the coming year. Despite the US Federal Reserve's efforts to dampen optimism, the precious metal recorded a rise of more than 3% in early Monday trading...

Surprising Job Growth in September Raises Questions for the Federal Reserve The payrolls report exceeded expectations, with employers adding 336,000 jobs in September, the highest since January and nearly double the median estimate. Additionally, revisions added 119,000 more jobs for July and...

The Federal Reserve kept its benchmark interest rate steady, indicating that rates are likely to remain high for an extended period after one more increase later this year. The Federal Open Market Committee, responsible for the US central bank's policy decisions, released a statement after their...

The US dollar pairs remain the centre stage of attention for the next two days. The dollar index, which tracks the U.S. currency against six major peers reversed from the 11-week highs and ended lower on Wednesday. The index had good two-way price moves since the beginning of this week...

The largest cryptocurrency bitcoin (BTCUSD) plummets after the crypto pair failed to hold above the major diagonal trendline. The price of Bitcoin fell by 7.5% in 24 hours and in a flash crash, BTC temporarily fell towards the $25,000 mark. The fall leads to a cascade of liquidations in the...

EURUSD rebounded back to above 1.1130 ahead of the ECB meeting outcome. The Federal Open Market Committee (FOMC) announced a 25bps increase to the Fed funds rate and Fed chair Powell sounded more towards the dovish side. Now the markets wait for the European Central Bank’s (ECB) monetary policy...

Today’s US Federal Reserve meeting outcome and Jerome Powell's speech will be closely watched around the world. Market fully pricing in and expect a 25bps interest rate hike for the eleventh time since March 2022 and we do believe this will be the case today. According to FedWatch, the market is...

The second-quarter US corporate earnings season kicks off today. The major airline carrier Delta Air Lines (NYSE: DAL) and the beverage and snack giant PepsiCo (NASDAQ: PEP) are scheduled to release the second-quarter results before markets open. However, investors are anxiously waiting for the...

The US dollar pairs remain the centre stage of attention ahead of Wednesday’s US CPI report. The dollar index, which tracks the U.S. currency against six major peers has taken an even deeper plunge on Tuesday Morning dragged down by the speculation that the US Federal Reserve is nearing the end...

After January’s surprisingly strong jobs report, the focus will be on consumer inflation in the week ahead and what it could mean for the Federal Reserve’s plan to raise interest rates. Friday’s report of 467,000 jobs added in January confounded Wall Street economists, some of whom expected a...

Chair of Federal Reserve, Jerome Powell, speaking on the economic outlook at the upcoming central bank’s Jackson Hole economic symposium, will dominate market direction. Fed officials appear on track to begin reversing their easy-money policies later this year, but several wild cards could alter...

Inflation is the focus this week, with a US report on consumer prices and Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill. The US CPI is expected to post another significant gain in June, underscoring a run-up in inflation as the economy emerges from the coronavirus...

The dollar has slipped this month as the Federal Reserve stuck to its message that it won’t raise interest rates soon, despite forecasts that the U.S. economy will recover faster than its peers. The greenback is down more than 1% against the currencies of its biggest trading partners so far in...

Jerome Powell has a goal that is bigger than the bond market’s near-term inflation concern. In perhaps his most forthright press conference since taking the helm of the central bank three years ago, the Federal Reserve chair laid out some critical messages for investors who have been propelling...

Last Wednesday, the Federal Reserve officials concluded one of the most active years in the central bank’s history, as it put final touches on their plans to support the economy for longer than they have following prior downturns. Fed officials slashed their short-term interest rate to near...