Tag Archives: fomc minutes

The US central bank is continuing its efforts to tame inflation with interest rate hikes and Wednesday’s FOMC minutes have showed that the committee members agreed on the necessity of keeping interest rates higher as a means of combating inflation. Markets were cool in the hours leading up to the …

At the time of writing, gold is trading at $1764.77 an ounce. Gold price has rallied on the FOMC minutes which is not shedding much light on how aggressive US monetary policymakers are expected to be. There was no obvious message that rate hikes will be as aggressive in September’s …

The EUR/USD rallied close to 50 pips after FOMC Minutes. Fed members agreed to hike 75 bps in July. Fed members acknowledge they would slow the pace of tightening at “some point.”The EUR/USD jumped during the last hour as the minutes lifted the Euro near the highs of the day, …

Gold is trading at $1776.75 per ounce at the time of writing, but the precious metal’s price is attempting to steady ahead of the FOMC minutes. Gold’s selloff might be overdone as prices are not deteriorating despite a surge in global bond yields. UK inflation hit a 40-year high and …

The Minutes of the FOMC policy decision that took place over the July 26-27 policy meeting, that may shed light on just how aggressive they expect to be, have been released as follows:Fed minutes: All participants at July 26-27 policy meeting agreed 75-basis-point interest rate hike was appropriate.Some participants said …

FOMC minutes are expected to keep the US dollar supported. The dollar gains about 2% off the highs of the year, ahead of today’s release of the 27 July FOMC minutes. Last FOMC’s meeting, in particular, triggered dollar selloff on the view that the Fed might have already taken the …

The US central bank’s officials tend to keep hiking interest rates until high inflation is under control, and the release on Wednesday’s FOMC minutes from their July 26-27 policy meeting could highlight how aggressive they expect to be.Data since the Fed’s last policy meeting showed annual consumer inflation eased in …

The AUD/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia’s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.AUD/USD is currently below the 20/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors’ minds, while US Retail …

Caution prevailed on Tuesday, with the focus still on a potential global recession. The dollar maintained its dominance despite a short-lived knee-jerk at the beginning of the American session.Wall Street closed mixed, with the DJIA posting substantial gains, the S&P 500 modestly up, and the Nasdaq Composite shedding some ground.Economic …

Markets are awaiting the FOMC Meeting Minutes to decide on the size of the next Fed hike. FOMC will publish the July meeting minutes on Wednesday, August 17 at 18:00 GMT.Policymakers are likely to reiterate their commitment to monitor the data closely. The US dollar started the new week on …