FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 50 basis points to the range of 4.25-4.5% following the December policy meeting.Key Quotes“Data we have received so far on inflation for October and November do show a welcome reduction …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 50 basis points to the range of 4.25-4.5% following the December policy meeting.Key quotes“Drop in inflation will come from goods sector and by the middle of next year from housing …

The Federal Reserve has decided to raise interest rates by half a percentage point at the end of its two-day policy meeting on Wednesday to continue its fight against inflation. Inflation, as noted in Tuesday’s CPI report, has eased to 7.1% in the 12 months to November from a blistering …

Fed will announce interest rate decision tonight. The US dollar holds onto losses, US yields move modestly lower. The AUD/USD pair has retreated after approaching 0.6900.The AUD/USD is moving sideways around 0.6860, up for the day, ahead of the FOMC decision on interest rates. The pair is about to post …

In a few minutes, at 19:00 GMT the Fed will announce its decision on monetary policy. Traders and investors expect a 50-basis points rate hike. According to some economists, in spite of positive inflation data and signs since the last meeting, to avoid an unwanted further decline in interest rates …

The GBP/USD pair fluctuates around 1.2370s, though it remains positive ahead of the Fed’s decision. UK inflation eased beneath the 11% threshold, which could cement a 50 bps rate hike by the BoE on Thursday.The GBP/USD climbs in the US session as traders brace for the Federal Reserve’s (Fed) last …

Economic data dragged the US dollar down after Tuesday’s US Consumer Price Index reading that rose by 7.1% on a yearly basis in November, versus previous 7.7% in October. In the same period, core CPI, which excludes volatile food and energy prices, rose by 6%, below the 6.1% expected.The encouraging …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

The UK will release the Consumer Price Index data on Wednesday, December 14. Economists and researchers of five major banks have provided their expectations on the awaited data as follows:Headline is expected at 10.9% year-on-year versus 11.1% in October while Core, which excludes volatile food and energy prices, is expected …

The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …