Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at the March meeting, with a consensus around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a maximum of $60 billion in Treasurys and...
AUDUSD’s Bullish Bias Intact Despite Pullback
AUDUSD is resting on the 0.7531-0.7555 support band that includes the mid-Bollinger band after retreating from its nine-and-a-half-month high of 0.7661. The advancing simple moving averages (SMAs) are endorsing the uptrend that began at the beginning of February. Meanwhile, the...
EURGBP Buyers Re-Emerge after One-Week Descent
EURGBP is seeing lingering downside risks despite an increase in buying interest around the 0.8327 level, which unfolded slightly below the simple moving averages (SMAs). That said, from the beginning of the year, the broader bearish trend has glided into...
AUD/USD Rallies Above 0.7600, FOMC Next
Key Highlights AUD/USD started a strong increase above the 0.7520 resistance. A key bullish trend line is forming with support near 0.7530 on the 4-hours chart. EUR/USD extended decline below the main 1.0950 support. GBP/USD failed to clear the 1.3200...
81% of U.S. adults are worried about a recession hitting this year, survey finds
After two years of the coronavirus pandemic, a recession and a rapid recovery, Americans are worried that the economy may swiftly decline once again. Some 81% of adults said they think the U.S. economy is likely to experience a recession...
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer |...