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Summary As universally expected, the FOMC decided at its policy meeting today to keep rates unchanged. The decision to maintain the target range for the federal funds rate at 4.25%–4.50% was universally supported by all 12 voting members of the FOMC. The post-meeting statement continued to describe the pace of economic activity as “solid.” It […]

The post FOMC on Hold and In No Hurry to Cut Further appeared first on Action Forex.

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12/09/2024

ECB Meets as Fed Doves Wave Goodbye to Jumbo Cut

The latest US CPI data, and the reaction to data was mixed on Wednesday. The good news is that the headline inflation fell from 2.9% to 2.5% in August, and sank significantly below the 3% level where it was resisting since last summer. The drop in food and energy prices helped easing pressure in the […]
09/01/2024

Swiss National Bank Suffered Losses of 3 Billion Francs in 2023

The Swiss National Bank (SNB) reported an annual loss of 3 billion Swiss francs (USD 3.54 billion) in 2023 and said it would not make payments to Switzerland’s central or local government or pay dividends to investors. The loss is believed to have occurred as a result of interest rate hikes aimed at fighting inflation. […]
16/05/2024

Sunset Market Commentary

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