The US Federal Reserve on Wednesday announced that it had lifted interest rates by 75 bps to 1.50-1.75%, as expected. More details are awaited as Fed Chair Jerome Powell proceeds with the press conference after the FOMC meeting concluded. The vote split was 10 to one, with Esther George favouring …

Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

The USD/CHF extends its weekly rally and is up by 1.60%. Risk appetite is back as stocks rally, and safe-haven peers suffer.The USD/CHF clings to parity for the second successive day, trading at 1.0028, recording minimum gains of 0.11%, ahead of the US Fed monetary policy decision. Positive sentiment is …

European Central Bank President Christine Lagarde said on Wednesday that crises are never the same twice and that they must have the courage to act when facts are not clear, as reported by Reuters.“We cannot just be bold, we must be consistent too,” Lagarde added and said that they must …

The Euro seems under pressure after ECB emergency meeting. Meanwhile, the US dollar’s performance is mixed ahead of the Fed’s decision. FOMC statement will be released at 18:00 GMT.The EUR/USD is falling on Wednesday, trading at daily lows near 1.0380 ahead of the Fed’s decision. The US dollar is posting …

The WTI crude oil recently fell to fresh session lows and is eyeing a test of its 21DMA pre-Fed rate announcement. Commentary about a weak outlook for demand growth and China lockdowns is being cited as a reason for price’s retreat.The American benchmark for sweet light crude oil is looking …

US stocks are climbing ahead of the Federal Reserve monetary policy decisions, expected to hike 75 bps. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones.US equities recovered some ground after a string of five days of losses and are gaining between 1.05% and …

The American dollar kept advancing on Tuesday, and retains its strength early Wednesday, as fear rules financial markets ahead of the US Federal Reserve policy decision.Market players had long ago anticipated a 50 bps hike, but on Monday, market talks suggested the central bank may go for a steeper hike …

“US economy is in a transition,” said White House Economic Adviser Brian Deese during an interview with CNN on Tuesday.The policymaker also signaled the WH’s aim to ease the price pressure and the Federal deficit during the interview.Such comments from the key diplomat ahead of the FOMC decision, up for …

Speaking to supporters in Philadelphia, US President Joe Biden reassured Americans that tackling the worst inflation the nation has seen in decades remains a top priority for him and his administration. The speech comes oner day before the Fed could raise interest rates as much as three-quarters of a percentage …