Forex Market

The Federal Reserve said Wednesday that it will halt crisis-driven asset purchases early next year, setting the stage for three interest-rate hikes in 2022 to help counter the threat of persistently high inflation. The stock market, which was lower as investors braced for Fed meeting news, improved, with the Dow …

In an effort to contain price increases that hit a 39-year high last month, the Fed on Wednesday agreed to clear the way for earlier and faster interest rate hikes in 2022 by accelerating the phase-out of its bond-buying stimulus.The Fed’s policymaking committee left its benchmark rate near zero but …

Given the low level of global rates, Bank of Canada Gov. Tiff Macklem said the central bank may need to make more use of forward guidance and large-scale asset purchases in response to future economic shocks to ensure inflation reaches its 2% target.In a speech Wednesday, Macklem provided more insight …

Investors are digesting data on retail sales and look for update on plan to wind down bond-buying program. Sales at US retail stores, online sellers and restaurants rose by a seasonally adjusted 0.3% in November from the previous month, the Commerce Department reported. US government bond yields edged higher Wednesday, …

The annual inflation rate in Canada remains at 4.7% in November. Analysts point out that inflation pressure continues to broaden; that combined with a stronger labour market will prompt a rate hike from the Bank of Canada during the second quarter of next year. Canada’s headline inflation rate was unchanged …

New York Mercantile Exchange oil futures and the nearest delivered Brent contract on the Intercontinental Exchange extended losses into a third successive session Wednesday, with investors keeping risk appetite in check following the outlook for lower demand growth next year hit by the rapidly spreading omicron variant. Market attention has …

The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation.The identification of the Omicron coronavirus variant last month has added a new level …

Gold is falling on Wednesday, before the decision of the Federal Reserve. Recently it bottomed at $1763m the lowest since December 3 and then rebounded toward $1770. Price is moving sideways with a bearish bias.The US November retail sales report came in below expectations and boosted gold for a few …

Gold prices stabilized on Wednesday, December 15, after falling sharply in the previous session, as investors awaited the Federal Reserve’s decision to reduce the stimulus measures it took in the face of the Covid-19 pandemic. Traders are closely watching the Fed’s moves to see if it will speed up the …

Traders, investors and economists are eying the upcoming signals by the US Federal Reserve Bank’s policy meeting that began on Tuesday. Anticipations have been dominating all over financial markets throughout Tuesday’s North American session, with the meeting ending on the second and final day, Wednesday.The meeting comes amid expectations that …