A full recap of Fed Chief Powell’s market-moving comments on rates, economy
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Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero,...
Fed Leaves Rates at Zero, Notes Recovery’s Dependence “On the Course of the Virus”
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Pending home sales surge for the second consecutive month as the Realtors raise their forecast for 2020
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images Pending home sales continued to climb in June, rising 16.6% monthly since May, and increasing 6.3% since June...
NZDUSD Forms Two Bearish Technical Events
Using the “Technical Insight” research tool under the Market Analysis tab, we have identified two bearish technical events. The NZD/USD has confirmed an Inside Bar candlestick pattern and an RSI overbought reading. – advertisement – Source: GAIN Capital, Technical Insight...
U.S. goods trade deficit narrows amid signs the global flow of goods is improving
Shipping containers are stacked on a ship docked at Yusen Terminals on Terminal Island at the Port of Los Angeles in Los Angeles, January 30, 2019. Mike Blake | Reuters The United States’ trade deficit in goods fell sharply in...
Most swing-state voters support extending $600 weekly unemployment benefit, CNBC/Change Research poll finds
Reading Police Officer Bucklin helps to hand out boxes of MREs. At City Light Ministries on Spruce Street in Reading Saturday afternoon May 2, 2020 where a large group came out for the food distribution by One Luv during the...
Sterling Rises in Mixed Markets, Dollar Weak ahead of Fed
Sterling surges broadly in rather mixed markets today. Rebound in cross against Euro is seen as a major reason for the Pound’s strength. Australian Dollar is following as the second strongest for now, partly listed by cross buying against New...
Powell is expected to say the Fed will keep doing whatever it can while it considers its next move
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve is expected...
GBP/USD Outlook: Bulls Approach Psychological 1.30 Barrier, Fed Eyed For Fresh Signals
Cable extends steep bull-leg into ninth consecutive day and cracks barriers at 1.2970/76 (weekly cloud top /11 Mar high) the last obstacles on the way to psychological 1.30 resistance. Fresh weakness of the dollar in expectations of dovish Fed, push...