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.

NZ dollar eyes Fed meet, New Zealand GDP

The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.6211 at the time of writing, up 0.44% on the day. Fed set to cut rates Federal Reserve meetings are traditionally predictable affairs and don’t move the needle of the financial markets.

18-09-2024 13:38 GMT by Kenneth Fisher

EUR/USD steady ahead of key Fed meeting

The euro is calm on Wednesday. EUR/USD is trading at 1.1125 in the North American session at the time of writing, up 0.11% today. Fed poised to lower rates The Federal Reserve meets later today and it’s looking like a coin toss as to whether the Fed will lower rates by 25 or 50 basis points.

18-09-2024 12:49 GMT by Kenneth Fisher