Australian Dollar pares gains as US Dollar remains steady due to cautious Fed – FXStreet

The Australian dollar faces challenges due to increased risk aversion. Minutes of the RBA meeting could provide further insight into the central bank's policy outlook on Tuesday. The US dollar strengthened after hawkish comments from Federal Reserve officials. The Australian dollar (AUD) came under downward pressure against the US dollar (USD) on Monday. However, Reserve […]

The Fed May Cut if Trump Raises Tariffs

Fed does not consider tariffs to be inflationary A question we often get asked is how the Federal Reserve is likely to react to President-elect Donald Trump's tariffs. Simply put, The Fed is likely to ignore them. Critics of tariffs argue that: Raising tariffs on imports would cause inflation, slow U.S. growth, and even push […]

Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’

Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]

Jerome Powell says no need for Fed to rush rate cuts

Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]

New York Fed data shows credit card debt hit another record

Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Americans' credit card debt continues to rise, hitting a new record at the end of September, according to a new report from the New York Fed. Total credit card debt […]

Trump Will Love the Fed Doves

October inflation shows September interest rate cut was a mistake October's inflation report could add to the growing body of evidence the Fed is claiming. cut interest rates prematurely In September. At first glance, this report appears to be quite benign. of Consumer Price Index (CPI) rose 0.2%The Ministry of Labor announced on Wednesday. This […]