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BoC's Macklem: We don't have to do what the Fed does

Bank of Canada (BoC) Governor Tiff Macklem hit newswires late Wednesday, reiterating that the BoC isn't beholden to following the Federal Reserve's (Fed) playbook as the two central banks grapple with slightly different economic situations.
New
update2024.05.02 06:51

Silver Price Analysis: XAG/USD's uptrend remains intact, as bullish harami looms

Silver's price stayed firm at around $26.64 after the Fed decided to hold rates unchanged and Powell's press conference.
New
update2024.05.02 06:44

NZD/USD holds gains following Fed's decision

The NZD/USD found some momentum after the widely-anticipated Federal Reserve (Fed) decision which announced yet another hold, leaving rates at the 5.25-5.50% range.
New
update2024.05.02 06:38

Crude Oil recedes post-Fed, WTI tumbles below $80

West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
New
update2024.05.02 05:57

US Dollar stumbles following Chair Powell's remarks

The US Dollar Index (DXY) tumbled to 105.45 on Wednesday following the Federal Reserve (Fed) decision to hold rates at 5.25-5.50% and Chair Powell's cautious comments.
New
update2024.05.02 04:28

Forex Today: The Dollar lost its grip after a steady Fed

The Greenback gave away Tuesday's advance amidst declining US yields across the curve, all after the Fed left its interest rates unchanged, as expected, and Chief Powell ruled out an interest rate hike as the Fed's next move.
New
update2024.05.02 04:17

Powell speech: Pending elections are not part of our thinking

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 04:11

Powell speech: Restrictive monetary policy needs more time to do its job

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 04:04

Powell speech: Economy has been very hard for forecasters to predict

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 03:58

Powell speech: No obvious connection between easing in financial conditions and inflation

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 03:51

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