USD/JPY plunges after Fed delivers 50 bps rate cut – FXStreet
USD/JPY fell in response to the Fed's 50bps rate cut but has since recovered. The dot plot for the Fed's interest rate outlook also fell. Fed Chairman Powell eased initial market fears at a press conference. The US dollar fell to $140.80 against the Japanese yen on Wednesday after the Federal Reserve announced a 50 […]
Michelle Bowman votes against Fed half-point rate cut — first dissent since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor since 2005 to vote against the central bank's interest rate decision, rejecting Fed Chairman Jerome Powell's apparent consensus at a critical juncture. All 11 other voting members of the Federal Reserve Board of Governors voted in favor of lowering the Fed's policy rate […]
Dow leaps to all-time high after Fed slashes rates by half-point
Wall Street's main stock indexes surged in choppy trading on Wednesday after the Federal Reserve decided to cut interest rates by half a percentage point for the first time in more than four years. In afternoon trading, the Dow Jones Industrial Average hit an all-time high of 41,981.97 and was last up 196.36 points, or […]
Gold Price Forecast: XAU/USD consolidates near record highs as Fed looms – FXStreet
XAU/USD Current Price: $2,572.12 The Federal Reserve is about to announce its decision on monetary policy. A 25 basis point cut is already priced in, but officials could still surprise the market. XAU/USD will likely turn lower in the short term and the Fed will determine the direction. Gold traded around $2,570 per troy ounce […]
How to play the Fed decision using options on gold – CNBC
Gold is trading at an all-time high due to a combination of inflation concerns, geopolitical risks, and expectations surrounding monetary policy. The Federal Reserve is scheduled to announce on Wednesday at 2 pm ET, with the market speculating a possible half-point rate cut. Given that the Fed's stance on the economy is soft due to […]
Apple users already fed up with iOS 18 for being a cheater’s paradise
They think iOS 18 is no good. Apple's long-awaited iOS 18 has been met with scathing online reviews since its release on Monday, with many techies slamming the so-called “biggest upgrade ever” for a variety of pitfalls, including making it easier for cheating partners to cheat and a “nauseating” photo feature that doesn't work. “iOS […]
Fed rate cut on collision course with 2024 election politics
The Federal Reserve is set to cut interest rates by at least a quarter of a percentage point on Wednesday, putting the politically independent institution in the crosshairs of a bitter election in which inflation and economic pain are central issues. Fed Chairman Jerome Powell has faced criticism from both parties for months. Some Democrats, […]
US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
Australian Dollar appreciates due to risk-on mood ahead of US Fed interest rate decision – FXStreet
The Australian dollar is extending gains as risk sentiment improves ahead of the US Federal Reserve decision. The Reserve Bank of Australia's hawkish stance is supporting the Australian dollar. The US dollar is weakening as the Fed is likely to cut interest rates by 50 basis points on Wednesday. The Australian Dollar (AUD) rose for […]
Gold price remains close to record high, awaits pivotal Fed decision before the next leg up – FXStreet
Gold prices attracted bargain-hunting, reversing some of the previous night's correction. Expectations of a 50bps Fed rate cut are capping attempts by the USD to recover and providing support. Bulls appear hesitant to make aggressive bets in the face of major central bank event risks. Gold prices (XAU/USD) closed lower for the first time in […]