Tag Archives: fomc minutes

Gold prices fell on Thursday as the dollar and bond yields rose after the US Federal Reserve reiterated its commitment to tightening monetary policy to tackle inflation, while uncertainty over the conflict in Ukraine limited bullion losses. And the price of gold fell in spot transactions by 0.2 percent to …

Inflation in the Eurozone is high and the European Central Bank may soon need to raise interest rates as a result according to statements by Bundesbank President Joachim Nagel on Wednesday.“What we are seeing at the moment suggests that savers may soon be able to look forward to higher interest …

Tightening has become a noteable key word across financial markets, as US government bond yields extended recent gains on Wednesday, with growing evidence that the Fed is planning to rapidly raise interest rates and reduce its bond-holdings lifting the 10-year Treasury yield above 2.6%.Yields, which rise when bond prices fall, …

Gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. Gold is trading at $1,922.10, XAU/USD; down by 0.06% and has travelled between a $1,933.58 high and a $1,915.08 low. Gold price is firming up in what …

The commodity currencies were the hardest hit immediately after the release of the Federal Open Market Committee minutes. USD/CAD rallied after a knee-jerk blip to the downside and reached a high of 1.25558. Simultaneously, in another blow to CAD, WTI futures settled at the lowest level in around a month. …

The US Federal Reserve unveiled the Minutes of its latest meeting, which reminded market players of the aggressive stance of the central bank. Policymakers are determined to move the monetary policy to neutral “expeditiously.” Additionally, the statement reads: “participants also noted that depending on economic and financial developments, a move …

The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …

According to the minutes of the March FOMC meeting, participants judged that it would be appropriate to move the stance of monetary policy towards a neutral posture expeditiously, reported Reuters. Balance Sheet Reduction“On balance sheet reduction, participants generally agreed monthly caps of about $60B for Treasury securities, $35B for mortgage-backed …

This year’s unprecedented global bond rout accelerated after US Fed’s Lael Brainard said the US central bank will likely step up policy tightening by swiftly reducing its massive debt holdings.The prospect of aggressive Fed action drove the yield on benchmark 10-year Treasuries up five basis points to 2.60%, propelling it …

The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …