Fed Chair Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Investors, meanwhile have found clues that monetary policy tightening is over. On the daily chart, after FOMC decision, the US …
Read More »FOMC keeps US rate policy unchanged for fourth time in a row
At the end of its first meeting in 2024, the Federal Open Market Committee chose to keep interest rates unchanged, as was broadly expected.Investors and market watchers are now focusing on Fed Chair Jerome Powell’s speech and signals about the future path of US monetary policy. Powell will speak at …
Read More »Explainer: What rate cuts matter for US economy in 2024
Interest rate cuts could bring relief to consumers and businesses who have been paying more for mortgages, auto loans, credit card debt, and other forms of borrowing as a result of the Fed’s increases. However, rate-weary Americans will likely have to wait a few more months for respite, as Wall …
Read More »When might the Bank of England initiate interest rate cuts
The Bank of England (BoE) is expected to acknowledge rapid progress in reducing inflation during its first meeting of 2024. Despite analysts anticipating a hold on interest rates at 5.25%, the central bank’s policy announcement on Thursday will be accompanied by new forecasts, reflecting the projected decline in UK inflation …
Read More »Ten major banks downplay likelihood of imminent policy change by FOMC
Expectations have been published as projected by analysts and researchers of ten big banks ahead of the US central bank’s interest rate decision announcement on Wednesday, January 31 at 19:00 GMT. Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, …
Read More »No policy change expected as FOMC goes on with soft landing plan
Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …
Read More »ECB’s Makhlouf: We should remain open-minded about rate path
ECB policymaker Gabriel Makhlouf said on Tuesday that the essence of data-dependency suggests that they should remain open-minded about the interest rate path, per Reuters.“With disinflation well underway, we are confident in sustainably reaching our target of 2%,” Makhlouf added. These comments didn’t have any immediate or noticeable impact on …
Read More »The German economy contracted in Q4
On Tuesday, the German Federal Statistics Office reported a contraction in the country’s economy during the final quarter of 2023, fueling concerns among economists who anticipate that Europe’s largest economy may enter another technical recession in the first quarter of 2024. According to the data, Germany’s Gross Domestic Product (GDP) …
Read More »EUR/GBP bears continue to exert pressure, driving to new lows
The EUR/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the …
Read More »Fed’s rate cut timing triggers fresh questions
The Fed’s decision to cut interest rates is expected to be influenced by strong US growth, which has led officials to believe they can afford to delay the process. The Federal Open Market Committee is likely to vote to leave benchmark interest rates unchanged at a 23-year high of 5.25-5.5 …
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