Markets For clues for tonight’s FOMC outcome, we grab back to Fed Chair Powell’s speech for the Economic Club of Chicago on April 16, a couple of days before the blackout period and still in the aftermath of the US tariff announcements. Powell started by pointing out that the level of the tariff increases announced […]
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Summary The widely expected decision by the FOMC to keep rates on hold at today’s policy meeting was universally supported by all 12 voting members of the Committee. In its post-meeting statement, the FOMC noted Read more…
The Fed maintained its policy rates unchanged in the May meeting, as widely expected. QT continues unchanged also as expected. Powell emphasized that the Fed is in a good place amid the high uncertainty and Read more…
Key Highlights Gold found support near $3,200 and started a fresh increase. A key bullish trend line is forming with support at $3,285 on the 4-hour chart. EUR/USD is still consolidating gains below the 1.1420 Read more…