EUR/USD holds near 1.1670 as Fed leaves rates unchanged

EUR/USD holds near 1.1670 as Fed leaves rates unchanged

EUR/USD remains negative in the day but unchanged as the Federal Reserve (Fed) decided to hold rates unchanged on Wednesday at the last meeting of Jerome Powell as the Chairman of the Fed. At the time of writing, the pair trades around 1.1670, down 0.48% as eyes turn to Powell’s press conference. Fed’s monetary policy […]

Inflation expectations are not as well anchored as they were before Covid

Inflation expectations are not as well anchored as they were before Covid

Tiff Macklem faced the press shortly after the decision, offering markets a clearer sense of the central bank’s thinking. The appearance followed the widely expected move by the Bank of Canada to hold the policy rate steady at 2.25%. BoC press conference key highlights Tiff Macklem If energy prices stay higher for longer, there could […]