Key takeaways Fed Chair Jerome Powell sounded hawkish during the press conference emphasising that labour demand and inflation are very high (“both mandates” are p ulling in the direction of tighter monetary policy). Powell spent a lot of time discussing the risks that inflation will remain elevated. The Fed now says that “it will soon […]
The post Fed Review: Every Meeting is “Live” – We Now Expect Five Hikes This Year appeared first on Action Forex.
The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…