Forex Market

The Swiss National Bank (SNB) raised its benchmark sight deposit interest rate by 50 basis points (bps) to 1.0% from 0.50% previous, as widely expected. At the December policy meeting, the SNB hiked rates for the third consecutive meeting, summing up to a total of 175 bps of rate increases …

European stocks fell on Thursday as investors anxiously awaited the European Central Bank’s interest rate decision, a day after the US Federal Reserve hinted it would continue to raise interest rates. The pan-European Stoxx 600 index was down 0.9 percent at 0810 GMT. The European Central Bank is widely expected …

The Fed decided a 50-basis point rate hike as expected, while the policy statement was closer to a copy of the previous one. The US central bank is still adopting reserved language about the possibility of recession, but with most Fed officials considering downside risks, it is fair to say …

Investors are busy analyzing the potential levels of the Fed’s hawkishness. They are also digesting Wednesday’s speech by Fed Chair Jerome Powell. Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to impact US stocks that became lower and at …

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 …

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 …

Gold prices traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision later in the day after lower-than-expected inflation data raised expectations for a moderate path in interest rate hikes. There was little change in the price of gold in spot transactions, and it settled …