News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
The Pound to Dollar rate rallied briefly on Friday but was quick to give up its gains after Federal Reserve Chairman Jerome Powell said that companies and households will face a growing struggle as the bank lifts its interest rate further in an effort to bring down U.S. inflation.
August 30,2022
The Federal Reserve’s preferred measure of U.S. inflation surprised on the lower side of economist expectations for July on Friday, echoing the official figures released earlier in August, although Fed officials have indicated that this is not enough to alter the path of U.S. interest rates up ahead.
August 26,2022
Multiple pieces of recent economic data have offered early signs that U.S. inflation pressures may be moderating but minutes of July’s Federal Reserve monetary policy meeting make clear that these are unlikely to keep hawkish Fed officials from lifting interest rates to restrictive levels this year.
August 18,2022
Federal Reserve Bank of San Francisco President Mary Daly said twice this week that bond markets are mispricing the outlook for U.S. interest rates and implied that a reset of expectations could be in store for the months ahead, which would have possible implications for the Dollar and other currencies.
August 4,2022
Dollar exchange rates were on course for a second consecutive decline in the final session of the week after the Federal Reserve (Fed) said that U.S. economic data will influence the remainder of its interest rate cycle and official figures showed the economy teetering on the edge of recession.
July 29,2022
The Pound to Dollar rate extended an almost nine day rally before being stalled by technical resistance on the charts after the Federal Reserve (Fed) indicated it would likely raise interest rates in unspecified smaller increments if market concerns about the trajectory of the U.S. economy prove to be well founded.
July 28,2022
The Euro to Dollar rate has reversed half of its July decline in a rally that may be an early warning of a market inflection point that would likely provide many currencies with relief from the recently relentless advance of the Dollar.
August 2,2022
Federal Reserve policy tightening is already making a mark on economies and currencies around the world but minutes of June’s meeting suggested this week that its impact could grow when making clear that interest rates may yet rise beyond the “modestly restrictive” level currently in the Fed’s crosshairs.
July 7,2022
The latest Forum on Central Banking in Sintra, Portugal, offered insight this week into the thinking of the European Central Bank (ECB), Bank of England (BoE) and Federal Reserve (Fed) while also providing clues about the things that will matter for their interest rate policies in the months ahead.
July 1,2022
Macro Hive thinks the Federal Reserve could keep hiking interest rates to a much higher peak (5.25% or more) than the market currently prices (3.5-4.0%).
June 28,2022
The Federal Reserve will continue to hike by sizeable increments that will maintain conditions for further Dollar strength say analysts.
June 20,2022
Dollar exchange rates pared away overnight losses in Europe on Thursday after Chairman Jerome Powell said there is broad support at the Federal Reserve (Fed) for lifting its interest rate to a “modestly restrictive” level during the months ahead in remarks that validated financial market expectations.
June 16,2022
The Pound to Dollar exchange rate rebounded from earlier losses late this week but was hampered again in thin holiday trade on Friday after the May non-farm payrolls and Services PMI reports offered an incitement to a Federal Reserve (Fed) that appeared to become more hawkish in recent days.
June 3,2022
The European Central Bank has recently prepped markets for a pending uplift in its interest rates and chief economist Philip Lane suggested this week that it could now look to “validate” market expectations with actions, although this might have mixed blessing for the Euro to Dollar exchange rate.
June 7,2022
The Pound to Dollar rate edged further back above the 1.25 level following the release of minutes from the May Federal Reserve (Fed) meeting, which confirmed that U.S. policymakers could be likely to rethink their interest rate stance if certain economic conditions are met in the months ahead.
May 30,2022
The Pound to Dollar rate has rebounded strongly from two-year lows and spent much of the week consolidating steep earlier losses but multiple resistances now obstruct its path higher on the charts and downside risks remain due to Federal Reserve and Bank of England (BoE) policy differences.
May 23,2022
GBP/USD in corrective rebound after the Federal Reserve raises rates but warns a more sizeable 75 basis point hike is unlikely.
May 9,2022
The Fed sticking to its current policy plans at next week’s meeting is likely to deepen the market’s loss of confidence and therefore see the curve steepen further.
May 3,2022
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