American stocks wavered on Tuesday as the Federal Reserve prepared to accelerate its tightening process. In a statement, Lael Brainard said that the bank will be aggressive in its bid to combat inflation. In addition to a 0.50% rate hike, she said that the Fed will begin a rapid reduction of its $9 trillion balance […]
The post Nasdaq 100 Retreats as Fed Hints at More Tightening appeared first on Action Forex.
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…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…