Breaking News

U.S. Fed Chair Powell Testifies

Latest Release

Jul 10, 2024

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
Jul 10, 2024	14:00
Jul 09, 2024	14:00
Mar 07, 2024	15:00
Mar 06, 2024	15:00
Jun 22, 2023	14:00
Jun 21, 2023	14:00

News

Pound gains after GDP strength; dollar slips ahead of CPI release By Investing.com - Jul 11, 2024

Investing.com - The U.S. dollar slipped lower in early European trade Thursday ahead of a key inflation report later in the session, while strong growth data has boosted sterling. At 04:00 ET (09:00...

June CPI release, PepsiCo earnings, UK economic growth - what's moving markets By Investing.com - Jul 11, 2024

Investing.com -- Wall Street looks set to start the day slightly lower as investors await the release of the latest inflation data, which could guide expectations of interest rate cuts later this...

Pound US Dollar Exchange Rate Strengthens By ExchangeRates.org.uk - Jul 11, 2024

ExchangeRates.org.uk - At the time of writing GBP/USD was trading at around $1.2837, up roughly 0.4% from Wednesday’s opening rate. The Pound (GBP) managed to attract investor attention on...

Analysis

EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations By Andrey Goilov - Jul 09, 2024

The EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market...

Key Events in Developed Markets Next Week By ING Economic and Financial Analysis - Mar 08, 2024

US: We see a 0.3% MoM increase in February CPI Federal Reserve Chair Jerome Powell’s testimony to Congress was perhaps not quite as hawkish as feared in the wake of strong jobs, growth and...

All Eyes on Powell: Can Upcoming Testimony Shift Rate-Cut Expectations? By James Picerno - Mar 06, 2024 2

Fed Chair Jerome Powell is scheduled to testify in the House today (Wed., Mar. 6) and markets will be all ears on topics that offer guidance on the outlook for interest-rate cuts.The current consensus...

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	Interest Rates	Next Meeting
BOE	4.75%	Dec 19, 2024
ECB	3.15%	Jan 30, 2025
FED	4.75%	Dec 18, 2024
SNB	0.50%	Mar 20, 2025
RBA	4.35%	Feb 18, 2025
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RBNZ	4.25%	Feb 19, 2025
BOJ	0.25%	Dec 19, 2024
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RBI	6.50%	Feb 07, 2025
PBOC	3.10%
BCB	12.25%	Jan 29, 2025