Breaking News

U.S. Fed Chair Powell Testifies

Latest Release

Mar 08, 2023

Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC. The testimony is in two parts; the first is a prepared statement, then the committee conducts a question and answer session. The Q&A portion of the testimony can see heavy market volatility for the duration.

Importance:

Country:

Currency: USD

Source: Federal Reserve

Release Date	Time
Mar 08, 2023	16:00
Mar 07, 2023	16:00
Jun 23, 2022	15:00
Jun 22, 2022	14:30
Mar 03, 2022	16:00
Mar 02, 2022	16:00

News

Crude oil edges higher after payrolls; Still set for weekly losses By Investing.com - Mar 10, 2023

By Peter Nurse Investing.com -- Oil prices edged higher Friday after U.S. jobs growth slowed in February, but the market is still set for the biggest weekly loss in five weeks on concerns that...

Dow futures fall 100 pts; payrolls and banking sector in spotlight By Investing.com - Mar 10, 2023

By Peter Nurse Investing.com -- U.S. stocks are seen opening mixed Friday, stabilizing after the previous session's selloff with the focus on the upcoming jobs report and the troubled banking...

European stocks sharply lower; banking sector hit hard By Investing.com - Mar 10, 2023

By Peter Nurse Investing.com - European stock markets traded sharply lower Friday as nervousness ahead of the widely-watched U.S. jobs report and weakness in the banking sector overshadowed...

Analysis

FX Daily: Hawkish Powell Lends His Wings to the Dollar By Francesco Pesole - Mar 08, 2023

Fed Chair Powell opened the door to a 50bp hike and hinted at a higher peak rate in his semi-annual testimony. This was a reminder that picking the top in the dollar rally remains too risky....

Why You Need to Keep Investing in Stocks Despite the Challenging Outlook By Ismael De La Cruz/Investing.com - Mar 08, 2023 1

Markets are set for a volatile month, as a plethora of important economic decisions line up However, investors should keep in mind that short-term volatility does not imply bad returns in the long...

Rates Spark: Upping the Ante on Policy Rates By Antoine Bouvet - Mar 08, 2023

Chair Powell has sent a clear message: the Fed is back in the driving seat. At a very minimum, the Fed has given itself the option to deliver a 50bp hike from the March meeting. It's now discounted...

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	Interest Rates	Next Meeting
BOE	4.25%	May 11, 2023
ECB	3.50%	May 04, 2023
FED	5.00%	May 03, 2023
SNB	1.50%	Jun 22, 2023
RBA	3.60%	Apr 04, 2023
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BCB	13.75%	May 03, 2023