Tag Archives: FOMC

USD/JPY climbed above 146.00 for the second day in a row, extending the recovery from below 142.00. The Japanese yen was among the worst performers, as investors reduced the likelihood of a Bank of Japan policy change in the near term. Japan will publish the November Producer Price Index as …

The EUR/USD pair is trading near 1.0764 versus earlier low of 1.0742 during the few previous hours as markets prepare for a busy trading week, whether on the data front or on the central banks’ decision-front, that includes US Consumer Price Index data, Producer Price Index data, and the FOMC …

Gold prices fell on Wednesday to less than $2,000 as the dollar stabilized after its decline over the past few days, but expectations that the Federal Reserve had reached the end of the monetary tightening cycle limited the decline in gold prices. Gold fell in spot transactions by 0.1 percent …

Gold Index (XAU/USD) rose by 1.40% in Tuesday’s trading session, breaking through the $2,000 barrier and rising by 1.40%. This was primarily driven by the downdraft in US yields and a weak US dollar. The FOMC November minutes will be released later in the session, where investors will look for …

Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …

The US central bank unanimously decided to keep interest rates at 5.25-5.50%. Comparing the Fed’s announcement to the July meeting, there were little differences. The majority of FOMC members predicted that another rate increase might be necessary before the year is through. During the press conference, Fed Chair Powell made …

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the September policy meeting. This decision came in line with the market expectation.The Federal Reserve was widely expected to leave its policy rate unchanged at 5.25%-5.5%. The …

As markets position themselves ahead of the Fed, the EUR/USD was breaking to the upside. The Fed is anticipated to maintain current interest rates and provide an updated economic forecast.30 minutes following the release of the data, Fed Chair Jerome Powell will attend a press conference. In the lead-up to …

There was little change in gold prices on Wednesday, as investors awaited the latest statements and expectations regarding interest rates from Federal Reserve Chairman Jerome Powell after the US central bank’s monetary policy meeting. By 0938 GMT, spot gold prices stabilized at $1,930.09 per ounce, remaining below its highest level …

The latest US consumer price index data bolstered concerns that the Fed’s latest efforts to bring inflation back to its 2 per cent target might take longer than expected. Rising energy costs pushed the rise in the headline CPI figure to 3.7 per cent in August, above economists’ expectations. A …