Tag Archives: FOMC

The dollar witnessed stability on Monday, while the yen hovered near its highest level in seven weeks, at a time when investors are assessing the measures taken by the authorities and regulators to calm concerns about the global banking system. The dollar index, which measures the performance of the US …

The dollar settled near its lowest level in seven weeks on Friday, as concern about banks kept investors cautious and dealers assessed the possibility that the Federal Reserve (the US central bank) would stop raising interest rates. The dollar index, which measures the performance of the US currency against six …

Following the Fed’s less hawkish announcement of its 25 bp interest rate hike on Wednesday, the price of silver surges upward. The Federal Open Market Committee Announcement noted “some additional policy firming,” and the dot plot median indicated one more hike. As a result, the Fed’s decision was largely anticipated.Prior …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting. Key Quotes “We have the tools to protect depositors when there is the threat to economy, and …

In its policy statement, the US Federal Reserve dropped the reference to “ongoing increases” and said that some additional policy firming may be appropriate.The US Dollar Index sharply fell in an initial reaction to FOMC decision and was last seen losing 0.59% on the day at 102.579. Fed Policy Statement …

SVB Financial Group filed for a court-supervised restructuring under Chapter 11 bankruptcy protection on Friday to seek purchasers for its assets, only days after its former affiliate Silicon Valley Bank was taken over by US regulators. The decision to seek bankruptcy protection comes after the company announced on March 13 …

In a statement published by Reuters late on Tuesday, Federal Reserve Governor Michelle Bowman dispelled rumours that the US banking industry would face difficulties in the wake of the Silicon Valley Bank (SVB) scandal.Fed’s Bowman noted that the banking sector has strong capital and liquidity and that the Fed board …

The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls rose by 311,000 in February. This reading came in much higher than the market expectation of 205,000 and followed January’s print of 504,000 (revised from 517,000). Further details of the jobs report showed …

Bostic: Fed’s policy rate needs to remain at 5.00%-5.25% range well into 2024Atlanta Fed President Raphael Bostic stated in an essay published on Wednesday that he still holds the opinion that the policy rate needs to increase to the 5.00%-5.25% range and stay there far into 2024.Bostic continued, “A narrative …

Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …