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.

USD/CAD gains ground after strong US unemployment claims

US unemployment claims fall to two-month low Canada's retail sales expected to ease on Friday The Canadian dollar started the day with gains but the US dollar has rebounded after a strong unemployment claims report. In the North American session, USD/CAD is trading at 1.3173, up 0.07%. US jobless claims fall to 2-month low US unemployment claims fell last week to 228,000, down from 234,000 and well below the consensus estimate of 242,000.

20-07-2023 11:16 GMT by Kenneth Fisher

Week Ahead - UK inflation, earnings, interest rate decisions galore

The week before the July 26th FOMC meeting will contain a handful of key economic reports and several key earnings results. The initial assessment of the economy is somewhat upbeat as CEO Jamie Dimon noted that the US economy continues to be ‘resilient’.

14-07-2023 17:07 GMT by Craig Erlam