Tag Archives: FOMC

Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …

The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

After Monday’s stunning late-session recovery that saw the major US indices post and incredible recovery from intra-day lows, sentiment has taken a turn for the worse again. The S&P 500, which recovered a more than 4.0% dip to as lows as the 4220s on Monday to close above 4400, is …

Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …

US inflation expectations, as measured by the 10-year breakeven inflation rate according to the St. Louis Federal Reserve data, rose for the second consecutive day to 2.38% by the end of Monday’s North American session.The inflation gauge extends rebound from a four-month low flashed last week ahead of the key …

Jerome Powell’s predecessors Ben Bernanke, Alan Greenspan, and Paul Volcker were first appointed by a president from one party, then reappointed by a president from the other, similarly Powell himself was first nominated to the Fed’s board of governors by President Barak Obama, he was elevated to Federal Open Market …

US equity markets are trading sharply lower on Monday, with the S&P 500 index on course to confirm a correction, a close of more than 10% below the recent highs printed back in the first week of 2022. The index slumped below the 4300 level on Monday, to hit its …

The EUR/USD pair has dropped to 1.1289, reaching lowest level since 10 January and then rebounded. It is back above 1.1320, still in negative territory but off lows and back above the critical 1.1300 area.If the pair manages to remain above 1.1300 it could remain in the current range with …

The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …