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.

Gold (XAU/USD) Eyes $3383/oz After Bullish Pennant Breakout. Will Fed Chair Powell Add Fuel to the Rally?

Gold is targeting $3383/oz after a bullish pennant breakout. With strong US PMI data and mounting inflation pressures, the Fed faces uncertainty. All eyes are on Fed Chair Powell's speech at Jackson Hole for a potential catalyst.

21-08-2025 15:31 GMT by Zain Vawda

UK Services PMI improves, pound continues losing streak

UK PMIs were a mixed bag in July. The Services PMI rose to 53.6 while the Manufacturing PMI contracted to 47.3. In the US, the Fed minutes pointed to dissension as to how best deal with the upside risk to inflation and the downside risk to employment.

21-08-2025 14:45 GMT by Kenneth Fisher