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.

Swiss franc climbs as Swiss inflation flat

The Swiss franc continues to climb, which could lead the SNB to intervene in order to keep Swiss exports competitive. Swiss inflation fell to zero from 0.3%. In the US, the ISM Services PMI improved slightly to 51.6 from 50.6. US nonfarm payrolls dropped slightly to 177 thousand, above the forecast of 130 thousand.

05-05-2025 15:40 GMT by Kenneth Fisher

Australian dollar hits five-month high after Australian election

The Australian dollar has posted strong gains following a landslide victory for Prime Minister Anthony Albanese. US nonfarm payrolls were higher than expected, pointing a resilient US labor market.

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