Tag Archives: FED

WTI crude oil is trading at $68.80 per barrel at the time of writing. It retreated by -0.82% during the US session on Wednesday, breaking key support structure on the downside as a pause in US interest rate hikes accompanied a bearish forecast for more hikes on the way. This …

Federal Reserve Chair Jerome Powell held the customary news conference after rate policy decision to explain why Fed policymakers have decided to leave the policy rate, federal funds rate, unchanged at the range of 5-5.25% at June FOMC meeting. With the immediate reaction, the US dollar gathered strength against its …

FOMC Chairman Jerome Powell is commenting on the policy outlook after the Federal Reserve’s decision to leave the policy rate unchanged at 5-5.25% following the June policy meeting.Key Quotes“At this meeting, considering how far and fast we have moved, judged it prudent to hold rates steady.”“Fed projections are not a …

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5-5.25% following the June policy meeting. This decision came in line with the market expectation. The Fed will release the revised Summary of Economic Projections (SEP), the so-called dot …

The S&P 500 was 0.4% higher in midday trading after riding a winning streak to its best level since April 2022. The Dow Jones Industrial Average was down 85 points, or 0.2%, at 34,126, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 0.6% higher.The wide expectation on …

Gold price surges as falling US Treasury bond yields enhance the appeal of the non-interest-bearing asset. May PPI data from the US BLS comes below expectations, supporting the precious metal. The US dollar Index falls to a four-week low, expecting a rescue from a hawkish Jerome Powell. At the time …

The Producer Price Index (PPI) for final demand in the United States grew 1.1% year on year in May, down from 2.3% in April, according to data released on Wednesday by the US Bureau of Labour Statistics. This number was lower than the 1.5% expected by the market. It is …

Oil prices rose slightly in Asian trading on Wednesday morning, as investors await the results of the Federal Reserve meeting for the month of June, key economic data from China and government data on US crude stocks. By 0340 GMT, Brent crude futures rose nine cents, or 0.1 percent, to …

Following the US CPI print, traders and investors as well as analysts turned their attention to the FOMC meeting and the looming policy decision. Chair Powell’s press conference and the latest Summary of Economic Projections are expected to signal that one more rate hike is still on the table.Before the …

The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday. Nvidia (NVDA.O) jumped 3.9%, becoming the first chipmaker to end a trading session with …