Jerome Powell

US Unemployment Surging The latest data out of the US last week showed a dramatic surge in unemployment claims. Claims shot higher to 281k from the prior week’s 211k. The figure was well above the 220k figure forecast and paints an…

The much-anticipated testimony from Fed Chair Jerome Powell happened on Wednesday. As widely speculated, Powell made the case for a rate cut. This sets the stage for the July Fed meeting where interest rates could be lowered. Following…

The US Dollar was pushed lower still this week as recent comments from Fed chair Powell weighed on investor sentiment. Yesterday at the Senate banking committee, the Fed chair told lawmakers that the Fed is in “no rush” to lift policy rates…

The Federal Open Market Committee is the entity at the Federal Reserve that makes monetary policy decisions, and so the opinion of its twelve members is important to consider when trying to figure out what the Fed might do in the future.…

Following a heavy wave of risk-off trading at the end of last year, risk sentiment was boosted on Friday as US Federal Reserve chairman Jerome Powell gave a statement which appeared to highlight that the Fed will remain on hold for the time…

The U.S. Federal Reserve concluded its two-day monetary policy meeting last week. As widely expected, the central bank raised the benchmark interest rate by a quarter point. However, the central bank lowered its forecasts on future rate…

As was widely expected, the Fed lifted rates for a fourth time at the December FOMC meeting which concluded yesterday. However, as we warned during our special “Trading The FOMC” webinar last night, the Dollar sold off as the Fed gave a…

The US Dollar has traded lower over the last 24 hours following comments from US Fed chairman Jerome Powell who told investors that the headline US interest rate is now “just below” the neutral rate. Speaking at the Economic Club of New…