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.

Yen rally ends, markets eye Fed rate decision and BoJ minutes

The Bank of Japan releases the minutes of its March meeting on Thursday. Later today, the Fed makes its rate announcement, which is likely to be a hold on rates.

07-05-2025 10:50 GMT by Kenneth Fisher

New Zealand unemployment rate lower than expected, Kiwi declines

New Zealand's unemployment rate remained at 5.1% in Q1, lower than the forecast of 5.3%. Wage growth eased to 0.4% from 0.6% and employment change rose 0.1%. The data supports further rate cuts from the RBNZ. In the US, the Fed is virtually certain to holds rates at today's FOMC meeting.

07-05-2025 09:25 GMT by Kenneth Fisher