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.

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

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