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.
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GBP/USD slips as Fed Chair Powell disregards March rate cut
The GBP/USD extended its losses late in the North American session, as the Federal Reserve (Fed) decided to keep rates unchanged, while Fed Chair Powell poured cold water on rate cut speculations for March.
Gold Price Forecast: XAU/USD shifts flat amid Fed Chair Powell’s remarks
Gold price trims earlier gains and retreats after the US Federal Reserve decided to keep rates unchanged while pushing back against speculation of rate cuts.
EUR/USD tips into the bearish side in choppy conditions after Fed Powell calls the top
EUR/USD saw a hard rally in early Wednesday trading, rising three-quarters of a percent bottom-to-top after misses in German Consumer Price Index (CPI) inflation figures missed the mark, with markets pivoting back into a cautious stance ahead of the Federal Reserve’s (Fed) rate call and following press conference.
US Dollar sees volatility during Powell's presser
The US Dollar (USD), as reflected by the DXY Index, is currently trading at 103.20, experiencing losses as a result of weak data from the Automatic Data Processing (ADP) Employment Change report for January.
Powell speech: I dont' think March rate cut is likely
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.
Canadian Dollar trims losses on upbeat Canadian GDP, Fed rate call muddies the waters
The Canadian Dollar (CAD) edged higher on Wednesday after Canadian Gross Domestic Product (GDP) figures beat expectations to post growth for the first time since May.
S&P 500 Forecast: Index sinks as Fed Chair still uncertain about when to trim rates
Another week, another all-time record for the S&P 500 index here in late January.
Powell speech: There may still be a tailwind on disinflation from goods
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.
Pound Sterling Price News and Forecast: GBP/USD stabilizes post Fed decision, traders eye Powell
GBP/USD stabilizes post Fed decision, traders eye Powell The GBP/USD is virtually unchanged in the mid-North American session, as the Federal Reserve (Fed) decided to keep rates unchanged, while pouring cold water on rate cut speculations.