In a stark contrast to her US Federal Reserve counterpart, Jerome Powell, the European Central Bank President Christine Lagarde has reiterated that borrowing costs will stay at record highs despite weaker inflation projections. In spite of the fact that price pressures are still high and inflation will shortly recover, ECB …

The GBP/USD pair has touched its highest peak since August. The pair also rides high on momentum, bouncing towards the 1.2730 level after hitting a high at around 1.2755.The pair’s rally was driven by the Bank of England’s hawkish policy stance, which has boosted the Sterling’s value against the US …

The Japanese Yen will likely rise significantly in value next year. The BoJ’s action could lead to a significant performance of the Yen. Analysts anticipate that the BoJ will terminate NIRP and YCC at its meeting in January. Although this is partially priced, expectations of additional policy tightening later in …

After the Federal Reserve meeting, the US Dollar experienced a significant collapse. As expected, the central bank decided to keep interest rates unchanged. Market analysts are forecasting three rate cuts for 2024. Fed Chair Jerome Powell leaned dovish, adding fuel to the rally in Treasury bonds. He refrained from declaring …

Gold price, eventually, abandoned daily lows and climbed above the $2000 level. The precious metal benefited from sinking Treasury bond yields after FOMC’s statement had signaled dovishness with projected interest rate cuts in the new year. Fed Chair, Jerome Powell, stated that the Fed is committed to achieving its mandates …

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the December meeting. This decision came in line with the market expectation.The revised Summary of Projections (SEP) showed that that Fed officials’ median view of policy rate …

Fed Chair Jerome Powell explained the decision to keep the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responded to questions in the post-meeting press conference.Quotes from Post FOMC meeting press conference“It’s not likely we will hike further.”“Policymakers are thinking, talking about when it will be …

The Fed has held its key interest rate unchanged for the third consecutive time and set the stage for multiple cuts to come in 2024 and beyond. With inflation rates easing and the economy holding in, FOMC members voted unanimously to keep the benchmark overnight borrowing rate in a targeted …

The US central bank decided to keep interest rates unchanged following FOMC meeting that concluded a few minutes ago. Inflation has moderated substantially, and central bank officials have signaled that they may be done raising borrowing costs. A fresh set of forecasts will provide hints about when rate cuts may …

For the third meeting in a row, the US central bank is anticipated to hold interest rates steady. Decisions are taken meeting by meeting, and officials maintain that data is the primary source of information.After raising rates to their highest point in more than 20 years in less than a …