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.

Pound edges lower, markets eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar.

17-05-2024 05:05 GMT by Kenneth Fisher

Market Insights Podcast - US CPI , Fed Speak from Powell, China retail sales and industrial production looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, after a slew of Fed Speak from officials Bowman, Daly, Bostic, Collins, Kashkari, and Barkin last week that erred towards a "higher-for-longer" approach in terms of the direction of the Fed funds rate; for this week, market participants will hear from the helm of the Fed, Chair Powell's view via his public speeches on Tuesday (14 May).

13-05-2024 20:36 GMT by Kelvin Wong