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.

Hang Seng Index: Weak key China data and revival of Trumponomics dampen last week’s bullish tone

Weak China retail sales, Q2 GDP & the potential return of Trumponomics sparked today’s sell-off seen on the Hang Seng Index. The Hang Seng Index is still trading above its 17,110 key medium-term support. Direct fiscal stimulus measures to jumpstart consumer spending in China if announced in the Third Plenum may trigger another round of short-term upmove on the Hang Seng Index.

15-07-2024 08:40 GMT by Kelvin Wong

The Week Ahead - ECB Spotlight as Fed Rate Speculations Drive Market Shifts

US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the economy. In the UK, inflation data is due on Wednesday, and while headline CPI dipped below 2% in June, it is expected to rise again in the second half of the year.

12-07-2024 13:13 GMT by Zain Vawda