Tag Archives: Policy

The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which have so far prevented any policy easing. In recent months, the economic landscape has shownContinue Reading

Key points: On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing highs, spurred by technology stocks. Economic data hinting at Federal Reserve easing measures provided additional momentum to the market. Picture: Bullish bias above 5338.00 for S&P500. Download the VT Markets app. Technology stocks led the charge, with the S5INFT sector seeingContinue Reading

Key points: The European Central Bank (ECB) is set to cut interest rates by 25 basis points on Thursday. This decision has been highly anticipated by market participants who are now focusing on the potential timing for the next cut, which is predicted to occur either on September 12th or more likely on October 17th.Continue Reading

Key points: On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng Index posting its best daily performance in a month. This optimism was largely driven by the anticipated rate cut from the European Central Bank (ECB), which is expected to trim rates by a quarter point to 3.75% onContinue Reading

Wall Street endured a tough week, marked by significant declines driven by rising Treasury yields and hawkish comments from Federal Reserve officials. The market sentiment was further dampened by higher-than-expected inflation data from Germany and Australia, escalating global inflation concerns. As the market braces for the key US personal consumption expenditures (PCE) inflation data, dividedContinue Reading

Key Points:  The New Zealand dollar (NZD) climbed to around $0.612 on Thursday with the support from revised economic data indicating that the US economy grew at a slower pace than previously estimated in the first quarter. This has increased speculation that the Federal Reserve may have room to cut interest rates later this year. Continue Reading

Key points The Indian rupee is expected to open steady on Tuesday, influenced by speculative and other flows after failing to breach a key resistance level in recent sessions. Non-deliverable forwards indicate that the rupee (USDINR) will open mostly flat from its previous close of 83.13. The currency approached the psychologically significant level of 83Continue Reading

Key Points:  On Thursday, the Central Bank of Turkey (CBT) decided to keep its policy rate unchanged at 50%, consistent with market expectations. Such decision was made to address ongoing concerns about inflation, which continues to pose a significant risk to the Turkish economy.  In its policy statement, the CBT cited the lagged effects ofContinue Reading

Key Points On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data. This key economic report is closely watched by market participants due to its implications for the Federal Reserve’s monetary policy. Tuesday’s elevated producer price index (PPI) results have raised concerns that inflation figures might also disappoint, potentiallyContinue Reading

Key points The Reserve Bank of Australia (RBA) has chosen to maintain its interest rate at a 12-year peak of 4.35%, defying some market predictions that anticipated a rate increase. This decision comes as Australia grapples with persistently high inflation rates, which have exceeded early 2023 forecasts. Given the current economic climate, it’s plausible thatContinue Reading