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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Powell speech: Unlikely that next policy rate move would be a hike
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.
Powell speech: Gaining greater confidence on inflation moving toward 2% will take longer than expected
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.
Powell speech: Further progress on inflation is not assured
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.
GBP/USD fluctuates as Federal Reserve hold rates, plans to slow balance sheet reduction
The GBP/USD seesaws after the Federal Reserve held rates unchanged but announced that it would slow the pace of its balance sheet reduction beginning in June.
USD/JPY holds losses after Fed decision
The USD/JPY trades at 157.42 holding daily losses on Wednesday after the Federal Reserve (Fed) decision to hold rates at 5.25%-5.5%.
EUR/USD jitters on reaction to Fed rate hold, FOMC press conference still on the cards
EUR/USD bumped slightly higher after the Federal Reserve (Fed) released its latest rate outlook, with the US central bank citing an improvement in inflationary conditions, though targets remain unhit.
Gold price rises above $2,300 amid mixed US data ahead of Fed decision
Gold price reclaimed the $2,300 milestone on Wednesday after dropping to a two-week low of $2,281, sponsored by a rise in the Employment Cost Index (ECI) in April.
Dow Jones Industrial Average struggles to recover from recent backslide as Fed rounds corner
After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).
Mexican Peso gains against US Dollar ahead of key FOMC decision
The Mexican Peso recovered some ground against the US Dollar on Wednesday as traders braced for a busy economic docket in the United States (US).
Canadian Dollar mixed on Wednesday ahead of Fed rate call
The Canadian Dollar (CAD) is largely flat on Wednesday as broader markets await a key appearance from the US Federal Reserve.
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