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.

A dovish Fed guidance may not reverse the rout in China and Hong Kong stock markets

China and Hong Kong benchmark stock indices have almost erased last week’s gains. NBS Non-Manufacturing PMI sub-components for January are indicating feeble service activities in China. A weaker US dollar via a dovish forward monetary policy guidance from the Fed is not enough to act as a bullish catalyst for China and Hong stock markets. Technical analysis advocates further potential weakness in the Hang Seng Index in the short to medium term.

31-01-2024 01:24 GMT by Kelvin Wong

GBP/USD - Consolidation as traders eye BoE and Fed meetings

Fed could signal a March rate cut is on the cards Will the BoE forecasts offer any insight on interest rates? Cable continues to consolidate ahead of central bank meetings This is widely expected to be the year of rate cuts for major central banks after a period of aggressive tightening that will soon get inflation back to target. Going into 2024, traders became incredibly optimistic about how many rate cuts we could see this year.

29-01-2024 13:27 GMT by Craig Erlam