Deprecated: htmlspecialchars(): Passing null to parameter #1 ($string) of type string is deprecated in /home/poundste/public_html/modules/mod_search/mod_search.php on line 44
US Federal Reserve
News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
Deepening losses for the Dollar lifted the Pound to Dollar exchange rate to almost 1.26 late in midweek trade after the Federal Reserve (Fed) raised its interest rate but stopped short of suggesting that further increases are likely to be announced over the coming months.
The Canadian Dollar gave way to most other comparable currencies in midweek trade after the Institute for Supply Management (ISM) offered further signs of the Federal Reserve having success in wrestling down U.S. inflation, leading to a continued underperformance of North American currencies and further large declines for oil prices.
The Pound to Dollar exchange rate lifted Sterling to the top of the major currency league table last week but could rise further toward roughly 1.2690 up ahead if last week's economic figures lead the Federal Reserve (Fed) to take a rain cheque on a widely anticipated interest rate step this Wednesday.
The Pound to Dollar exchange rate rallied to retest one-year highs in the final session of the week after official data suggested the Federal Reserve (Fed) is nearing dry land in its battle against U.S. inflation, stoking uncertainty about next Wednesday's interest rate decision.
The Euro to Dollar exchange rate unwound some of its earlier gains in the final session of the week when poor U.S. retail sales figures were followed by remarks from Governor Christopher Waller suggesting the Federal Reserve (Fed) interest rate could rise further over the coming months.
The Pound to Dollar exchange rate pared earlier losses to trade buoyantly near the year's highs ahead of the weekend after the Federal Reserve's (Fed) preferred inflation measure fell further than was expected in the latest update, curbing a corrective rebound by the greenback.
U.S. exchange rates were mostly underwater for the period in the final session of the week after the Federal Reserve (Fed) suggested that its interest might rise by less than was previously thought once all is said and done, leading some analysts to anticipate further declines for the Dollar up ahead.
The Pound, Euro and other major currencies rose against the Dollar in an initial response to the Federal Reserve's decision to raise interest rates by 25 basis points.
The Euro to Dollar exchange rate has bounced sharply from the year's lows in recent trade but the balance of directional risk remains tilted to the upside ahead of Thursday's European Central Bank (ECB) interest rate decision owing in part to a sharp repricing of the Federal Reserve (Fed) policy outlook.
The high-profile failures of some small U.S. lenders and the resulting federal effort to prevent panic among depositors elsewhere have led financial markets to revise their outlooks for the Federal Reserve (Fed) interest rate while prompting analysts and economists to reconsider their forecasts.
Investment bank Nomura is one of the first major investment banks to come out and say the Federal Reserve will cut interest rates next week in light of recent stresses in the U.S. banking system.
January's Core Personal Consumption Expenditures (PCE) Price Index was potentially an early warning of a nightmare scenario being in the pipeline for policymakers at the Federal Reserve (Fed) but analyst and economist views on the outlook for interest rates and the Dollar inevitably remain far from uniform.
The Pound to Dollar exchange rate came under pressure near 1.20 in the penultimate session of the week as financial markets mulled upside risks to Federal Reserve (Fed) and Bank of England (Fed) interest rates, the relative balance of which is potentially a constraint on Sterling's recovery prospects.
The pending departure of Vice Chair of the Federal Open Market Committee (FOMC) Lael Brainard is one further potentially hawkish development in the outlook for Federal Reserve interest rates that could have supportive implications for the U.S. Dollar in the weeks ahead.
The Euro to Dollar exchange rate whip-sawed in a volatile response to official figures revealing accelerating price increases for some goods and services that have placed a question mark over how much longer a recently-declared disinflation process can be expected to continue for in the U.S.
U.S. Dollar exchange rates were lower with modest losses in many cases by the mid-week milestone after Federal Reserve (Fed) Chairman Jerome Powell's appearance at the Economic Club of Washington prompted a wave of what might have been profit-taking on speculative trading positions.
Chairman Jerome Powell has indicated the Federal Reserve (Fed) is near a "sufficiently restrictive" level of interest rates and that it's cycle of increases may soon be over but this suggestion came with numerous caveats, details of which can be found in the below transcript of Wednesday’s press conference.
The Dollar fell sharply against the Pound, Euro and other major currencies after the Chair of the Federal Reserve said the U.S. economy would not require significantly more rate hikes to bring inflation lower.
New and innovative research from Goldman Sachs provides a more timely measure of layoffs in the U.S. job market and suggests Federal Reserve (Fed) officials are right to be dismissing recently-downbeat economic data while warning of their intention to stay a hawkish interest rate course.