Federal Reserve (FED) news

The Federal Reserve (FED) is the central banking system in the US. It manages monetary policy to maintain price stability and promote maximum employment. It primarily uses the federal funds rate and open market operations to influence interest rates and the money supply, impacting the US economy and global markets. It also provides forward guidance to shape market expectations.

Australian inflation higher than expected, Aussie extends losses

Australia's CPI remained unchanged at 2.4% for a third consecutive month, higher than the market estimate of 2.3%. The reading has cooled market expectations for a rate cut in July. Later in the day, the Federal Reserve release the minutes from the May 7 meeting.

28-05-2025 13:40 GMT by Kenneth Fisher

New Zealand dollar sharply lower, RBNZ cut expected

The New Zealand dollar is sharply lower today. The RBNZ is widely expected to lower rates on Wednesday. In the US, durable goods orders fell sharply while consumer confidence soared.

27-05-2025 13:30 GMT by Kenneth Fisher