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.

Brent Crude Oil Prices Toil as Market Awaits Fed Decision. Range Trading Ahead?

Oil prices rose due to lower-than-expected US crude oil stockpiles, but demand concerns remain. OPEC+ is worried about a potential increase in US oil output under a Trump presidency. From a technical perspective, oil prices are range-bound, and range trading might remain in play heading into 2025. Most Read: USD/JPY rises ahead of BoJ meeting Oil prices arrested a two day s;ump today to trade around 1% higher heading into the FOMC meeting.

18-12-2024 13:02 GMT by Zain Vawda

Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall?

Gold prices have dropped due to increased US Treasury yields, profit-taking, and the anticipation of a less dovish Fed outlook for 2025. The upcoming Fed meeting and its economic projections, especially regarding rate cuts, will significantly impact gold prices. India's gold imports are expected to decline in December due to a lack of festivals and rising gold prices.

17-12-2024 11:44 GMT by Zain Vawda