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.

Canada's inflation eases, Canadian dollar edges lower

Canada's headline inflation rate dropped to 1.7%, a seven-month low. However, core CPI moved higher, raising doubts about whether the BoC will cut rates at the June 4 meeting.

20-05-2025 13:50 GMT by Kenneth Fisher

Australian dollar slides after RBA's dovish rate cut

The RBA lowered rates by a quarter-point to 3.85%. The RBA statement warned that the outlook for Australian growth and employment had worsened due to the US tariffs. The Australian dollar is down close to 1% in the aftermath of the rate decision.

20-05-2025 13:10 GMT by Kenneth Fisher