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Summary As widely expected, the FOMC cut rates by 25 bps at today’s policy meeting. The decision was unanimous. The Committee noted that progress has been made in returning inflation to its target of 2% and that the risks of achieving its goals of price stability and full employment are roughly balanced. Despite 75 bps […]

The post Fed Continues To Dial Back Policy Restraint via 25 bps Rate Cut appeared first on Action Forex.

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Cliff Notes: An Event-Filled Week

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14/05/2024

Morning Report

Key themes: Markets were in a holding pattern overnight as investors await key US inflation data later this week. US Fed Chair Powell is also due to speak, possibly providing further insights on future rate moves. US equities were mixed and lack direction for most of the session. US bond yields were broadly unchanged, with stronger […]
12/12/2023

Swiss Franc Shines, Turns to SNB Decision for Fuel

SNB announces its decision at 08:30 GMT Thursday Markets pricing in 25% probability for a rate cut However, that’s unlikely to happen so soon Overall, outlook for Swiss franc remains positive Swiss economy slows The Swiss economy hit a road bump lately. Economic growth almost came to a standstill in the third quarter, printing just […]
11/06/2024

Euro Under Pressure as Macron Calls Snap Election

The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day. There are no releases out of the US or the eurozone today. It was a busy weekend in Europe, as voters went to the ballot box […]