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 edges upwards as Services PMIs inch higher

Eurozone and German Services PMIs are showing stagnation, as business activity remains weak due to the difficult economic conditions and concerns over US tariffs. The Federal Reserve is widely expected to maintains rates on Wednesday.

06-05-2025 15:30 GMT by Kenneth Fisher

New Zealand dollar steady ahead of employment data

New Zealand releases the Q1 employment report on Wednesday. The unemployment rate is expected to rise to 5.3% from 5.1%, which would be the highest level in over 8 years. The Federal Reserve is widely expected to maintain interest rates on Wednesday.

06-05-2025 10:20 GMT by Kenneth Fisher