Daily Economic Reports

Following the FOMC’s decision to keep interest rates steady and Fed Chair Jerome Powell’s press conference, which in March established a higher for longer attitude while also hinting at three rate decreases before 2024 ends, the US dollar fell to its lowest point this week.FOMC Decision in Line with Expectations …

After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …

The Federal Reserve maintained its monetary policy unchanged at the recently concluded Federal Open Market Committee (FOMC) monetary policy meeting, as anticipated. At 5.25% to 5.50%, the main Fed Funds interest rate range remained unchanged. It seems that the FOMC statement took a moderate stance on policy, neither being very …

In a week marked by pivotal decisions from five of the world’s largest central banks, including the US Federal Reserve and the Bank of Japan, all eyes are now turning to the Bank of England’s upcoming announcement scheduled for Thursday. Speculation abounds regarding the likelihood of a maintained interest rate …

The yen dipped close to a four-month low against the US dollar and a 16-year low against the euro on Wednesday, driven by expectations of sustained accommodative monetary policy in Japan despite the Bank of Japan’s recent policy shift. On Wednesday, the yen touched its lowest level in four months …

The Fed meeting will be closely watched for any signals of a shift in its monetary policy stance. A dovish hold with a timeline for QT could calm markets, while a hawkish tilt due to inflation concerns could lead to volatility.The Federal Reserve’s interest rate decision on Wednesday, March 20, …

The Swiss National Bank (SNB) is anticipated to maintain its current interest rate stance until at least June, aligning with its counterparts such as the European Central Bank and the US Federal Reserve. The SNB may opt to observe its peers’ actions regarding the cessation of monetary tightening before making …

Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

The Reserve Bank of Australia (RBA) is set to announce its interest rate decision on Tuesday, March 19th, 2024, at 2:30 PM Sydney time. This decision will be closely watched by businesses, borrowers, and investors for its impact on the Australian economy.Market Expectation: Holding ScenarioFinancial markets overwhelmingly anticipate the RBA …

The dollar is seeing gains ahead of FOMC decision. The DXY Index is 0.16% up on the day, trading at 103.612 at the time of writing. As for the broader context for this performance, FOMC decision will attempt to maintain balancing between inflation and growth.Despite recent gains, the DXY remains …