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.

Stocks rally on Nvidia's AI fervor and debt deal optimism

Fed swaps earlier priced in a quarter-point rate rise by July FOMC Meeting 10-year Treasury yield rises 4.4 bps to 3.784% Nvidia delivers biggest one-day market value gain in US history

25-05-2023 12:23 GMT by Edward Moya

Week Ahead - Debt ceiling drama, Turkish rate decision pre-Presidential run-off

Wall Street will remain focused on debt ceiling drama, a plethora of Fed speak, flash PMIs, and bank stress. It will be a busy week filled with economic releases, with most of the attention falling on the first look at the May PMI readings, a second look at Q1 GDP/Core PCE, New Home Sales, and the FOMC meeting minutes.

19-05-2023 12:29 GMT by Craig Erlam