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.

Fed React: USD/JPY softer after Fed fails to deliver hawkish hold

Back-to-back holds means the Fed is content keeping rates at a 22-year high Atlanta Fed GDP cuts Q4 GDP outlook from 2.3% to 1.2% Powell noted, “given how far we have come… the committee is proceeding carefully. The FOMC statement did not surprise many as the Fed kept rates on hold as they assess how tighter financial and credit conditions weigh on the economy. The Fed did not rule out a rate increase in the coming months , but swap contracts showed traders weren't convinced.

01-11-2023 16:14 GMT by Edward Moya

Week Ahead: Fate of the dollar might not be determined by the Fed or NFP

Larger-than-expected Treasury issuance could lead to worsening budget deficit concerns Nikkei reported that BOJ is considering a further adjustment to its YCC framework FOMC expected to keep rates on hold and maintain a tightening bias

30-10-2023 14:30 GMT by Edward Moya