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.

Euro rally continues but ECB not smiling

Eurozone manufacturing and services PMIs are expected to show a slight improvment but still point to weak levels. ECB President has said that the euro's surge is due to uncertainty over US trade policy.

21-05-2025 15:00 GMT by Kenneth Fisher

Pound steady as UK inflation surges

UK inflation was higher than expected in April and could complicate BoE plans for further rate cuts. Fed member Raphael Bostic said that he favoras just one rate cut this year.

21-05-2025 08:50 GMT by Kenneth Fisher