AUD/USD jumps near 0.6800 after Fed decision for 50bps rate cut
AUD/USD surged near 0.6800 following the Fed’s larger-than-expected rate cut. The Fed has signaled three additional cuts in 2024. Unemployment
Markets
S&P 500 hits new record highs after Fed cuts 50 basis points
The S&P 500 hit a new all-time high at 5,688, surpassing yesterday’s high of 5,669. The Federal Reserve has announced
Powell Speech: No one should look at today and think this is the new pace
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, the federal funds rate, by 50 basis
Powell’s speech: We will move as fast or as slow as we see fit
He Federal Reserve Chairman Jerome Powellexplains the decision to cut the policy rate, the federal funds rate, by 50 basis
Powell’s speech: Nothing in our projections suggests we are in a hurry
He Federal Reserve Chairman Jerome Powellexplains the decision to cut the policy rate, the federal funds rate, by 50 basis
Powell’s speech: If the economy remains strong, we can reduce the pace of cuts
He Federal Reserve Chairman Jerome Powellexplains the decision to cut the policy rate, the federal funds rate, by 50 basis
Powell’s speech: Upside risks to inflation have diminished
He Federal Reserve Chairman Jerome Powellexplains the decision to cut the policy rate, the federal funds rate, by 50 basis
GBP/USD soars to fresh yearly high ahead of 1.3300
GBP/USD posts gains of over 0.80% following Fed cut. The Fed cuts rates by 50 basis points as it gains
USD/JPY plunges after Fed delivers 50bp rate cut
USD/JPY falls in reaction to Fed’s 50bp rate cut. The Fed’s dot plot on the rate outlook also declined. Markets
Fed projections predict interest rates will fall to 4.4% by year-end
The ‘dot plot’ projections published by the Federal Open Market Committee (FOMC) of the Board of Governors of the Federal
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