The Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains.
19-09-2024 10:10 GMT
by Kenneth Fisher
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.