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.

Market Insights Podcast - Gold hit another fresh record high, UK and Japan CPI, Fed minutes on the radar for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, at the start of a brand new week, Gold (XAU/USD) maintained its bullish tone and rocketed to a fresh record on Monday, 20 May, printing an intraday high of US$2,450 on the backdrop of a potential uptick in geopolitical risk premium arising in the Middle East due to the death of Iranian President Raisi in a helicopter crash.

20-05-2024 22:05 GMT by Kelvin Wong

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