Category Finance

Powell will begin speaking at 2:30 pm ET. He will deliver an opening statement and then take questions. The press conference usually lasts an hour, or slightly less. This article was written by Adam Button at www.forexlive.com.

Everything has aligned for gold in the past six months with Chinese investors looking for something new, Russia diversifying and the Fed getting on top of inflation. Eyes are on $2600 now but it’s all blue skies from a technical perspective now. This article was written by Adam…

Decision reflects our growing confidence that strength in our labor market can be maintainedConsumer spending has remained resilientEconomy is strong overallLabor market has continued to coolIf inflation were to fall more quickly, we are prepared to respondWe will adjust policy as necessary Quoteable: “This decision reflects our growing…

We had 2 jobs and 2 employment reports since last meeting and jobs data revisionsCites Beige BookA good place to start on what’s coming next is the SEPWe will take it meeting by meetingWe’re in the process of re-calibrating our policy stance, that will take place over timeThere…

The price of crude oil is trading lower as the Fed Powell is conference continues. The settlement price came in at $69.88, and the current price is trading at $69.35. The low for the day reached $68.61. The high for the day was at $70.28. This article was…

The USDJPY has announced higher after all and below the low from last Wednesday at 140.71 but stalling ahead of the December 2023 low price at 140.248. The low price reached 140.43. With the price back above the 100-hour moving average at 141.07, it keeps the buyers in…

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Some Governing Council members were more concerned about downside risks to inflationConcern about downside risks was linked to potential further weakening of economy and labor marketOther members took the view that risks to inflation outlook were balancedMembers discussed whether weakness in Canadian consumption and housing could partly be…