Tag Archives: monetary policy

The GBP/USD pair has dipped back under 1.3100 as it weakens in tandem with the euro post-dovish ECB policy announcement. The pair remains at risk of falling to sub-1.3000 levels amid the risk of more BoE/Fed policy divergence.Though the currency hasn’t been weighed as badly as its euro counterpart, the …

Fed board of governor’s member Christopher Waller said on Wednesday that he supports a 50-bps rate hike at the upcoming May Fed meeting, and possibly more hikes of the same margin at the June and July meetings.It is completely feasible to avert a recession. Data supports 50bps rate hikes – …

The Bank of Canada (BoC) is scheduled to announce its monetary policy decision this Wednesday at 14:00 GMT. The Canadian central bank is widely expected to hike its benchmark interest rate by 50 bps for the first time since May 2000 and announce quantitative tightening (QT) to control spiralling inflation. …

Analysts at Danske Bank revised their forecast for the European Central Bank and now look for a rate hike in September and December. Despite the more hawkish stance from the ECB, they still forecast EUR/USD at 1.05 in twelve months. Key Quotes: “We revise our ECB call slightly after the …

Atlanta Fed President Raphael Bostic said on Thursday that while it is fully appropriate that the Fed move policy closer to a neutral position, it should do so in a cautious way.It’s going to take longer than initially thought for supply chain issues to resolve, he added, noting that the …

St Louis Fed President James Bullard on Thursday said that he would like to see the Federal Funds rate hit 3.5% in the second half of 2022, reported Reuters. Bullard said he would “lean into” a 50 bps rate hike at the May meeting, though he is watching the data. …

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 …

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 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 …