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.

Crude rallies on China reopening hopes, gold pares gain after JOLTS data

Oil Crude prices jumped after rumors that China was preparing for a full reopening in March 2023. Oil is looking bullish again as it did a decent job holding onto gains despite a strong reversal with king dollar. Risks to energy supplies remain elevated after reports that Iran was planning an attack on targets that include Saudi Arabia and Northern Iraq. The news was not all bullish for crude prices as the Atlanta Fed GDPNow lowered their GDP forecast from 3.1% to 2.6%.

01-11-2022 14:34 GMT by Edward Moya

Week Ahead - All About the Fed and NFP

Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expected to be a unanimous vote for one last major rate increase. With the Fed’s preferred price measure still showing inflation is running hot, that might make it harder for them to set up a possible downshift in its rate-hike pace for the December meeting.

28-10-2022 15:00 GMT by Edward Moya