Tag Archives: FOMC Meeting

Bitcoin price, despite latest improvement above $20k, has remained vulnerable to economic data particularly ahead of the awaited FOMC Minutes.BTC/USD currently consolidates between key technical support and resistance. Cryptocurrencies tend to benefit from the US holiday but most crypto assets are expected to encounter a relatively tough week ahead. After …

FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.” “It’s really only at the very short end that real rates are negative.”“Price inflation is a macroeconomic question.”“Our tools can’t impact energy and food inflation.”“Focused on part …

While testifying before the Senate Banking, Housing, & Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that Economy is very strong and well-positioned to handle tighter monetary policy. “Inflation aggravated by longer-lasting supply chain constraints, russian invasion of ukraine; china covid lockdowns likely to exacerbate supply chain problems.”“Recent …

While testifying before the Senate Banking, Housing, & Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that ongoing interest rate increases will be appropriate. “Fed is strongly committed to bringing inflation back down, moving expeditiously to do so.” “Pace of future rate increases will continue to depend on …

Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that he will remain focused on actual inflation and expectations between now and the July policy meeting, as reported by Reuters.Barkin’s comments don’t seem to be have immediate impact on the US dollar’s performance against its rival currencies. The …

Gold prices fell on Friday and headed for a weekly decline as Treasury yields rose while investors awaited monthly inflation data in the United States for indications of the future of the Federal Reserve’s monetary policy. And gold fell in spot transactions 0.2 percent to $ 1844.78 an ounce (an …

Gold prices stabilized on Thursday as rising Treasury yields held them back before key data on jobs and inflation in the United States could influence the Federal Reserve’s roadmap to raise interest rates to combat inflation. And gold settled in spot transactions at $ 1853.24 an ounce by 0303 GMT, …

Gold has gained fresh momentum despite higher treasury yields. The precious metal’s price hit three- day high, and remains oblique, looking at the $1860 resistance.The US dollar pulled back during the American session boosting the Gold Index which climbed to $1859.70, reaching the highest level in three days. Gold is …

Member of Fed Board of Governors, Chris Waller said on Monday that he supports hiking interest rates by another 50 bps at the next several FOMC meetings and that the policy rate should be above neutral by the end of the year to reduce demand, reported Reuters. Waller also said …

The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …