“Recent indicators point to modest growth in spending and production,” the FOMC said when it hiked the interest rate by 75bps on Wednesday.
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate by 75 basis points . The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.”While U.S. president Joe Biden hosted an event called the “Infrastructure Talent Pipeline Challenge,” the country’s central bank increased the FFR once again by 75bps on Wednesday.
The Fed’s rate hike follows the U.S. central bank’s key inflation gauge, the personal consumption expenditures price index
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EURUSD Slips Away From Parity as FOMC LoomsEURUSD pushes lower following strong US PMI report. Traders eye 75 bps FOMC rate hike and Fed guidance. Heavy economic calendar may put stress on EURUSD bulls.
Les mer »
British Pound News: GBP Dictated by USD Ahead of FOMCWhile markets are mainly focused on the Federal Reserve’s interest rate announcement tomorrow, the Bank of England (BoE) announcement will quickly take center stage post-release. Get your market update from WVenketas here:
Les mer »
USD Majors, Gold, S&P 500, FOMC & NFP- Weekly Technical OutlookTechnical setups we’re tracking into the weekly open. Key levels for the US Dollar Majors, Gold, S&P 500, Crude Oil and more! Major Event Risk: FOMC interest rate decision & NFPs on tap into November open.
Les mer »
S&P 500 Loses Steam After Robust Friday Rally – FOMC in FocusS&P 500 fails to hold Friday gains above 3900, 3860 support eyed. FOMC decision on Wednesday looms with 75 basis points expected. US nonfarm payroll data on Friday ends a week full of event risk.
Les mer »
USD Index appears offered and could revisit 111.00, FOMC in sightThe USD Index (DXY), which tracks the greenback vs. a bundle of its main rival currencies, adds to Tuesday’s retracement and returns to the low-111.00
Les mer »
GBP/USD Price Analysis: Eyes 100-hour SMA/descending channel confluence hurdle ahead of FOMCGBP/USD Price Analysis: Eyes 100-hour SMA/descending channel confluence hurdle ahead of FOMC – by hareshmenghani GBPUSD Fed BOE Technical Analysis Currencies
Les mer »