Page 28 - Fomc News Today

Investors eye US economic data for clarity on the Fed’s rate-hike trajectory

KUALA LUMPUR: The ringgit opened lower against the US dollar today, weighed by a stronger greenback on renewed interest for safe haven currencies, an analyst said.

KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday amid a weakening greenback against major currencies.

The Federal Reserve meeting May 2-3 will be closely watched for hints about what the FOMC's next move is. Join BNP Pariba U.S. Economist Yelena Shulyatyeva at 11 a.m. May 4 as she takes a look at the meeting and Chair Powell's press conference.

Still no clarity as the banking crisis adds to the difficulty of predicting an economy still feeling COVID impacts and uncertainty about the prospects for a recession.

WASHINGTON: US interest rates are likely to rise further, and will need to remain high to effectively tackle...

New Zealand slowed to 6.7%, lower than expected and down from 7.2%. NZD/USD is lower today and four FOMC members will deliver public remarks

Richmond Federal Reserve Bank President Thomas Barkin said he wants to see more evidence that U.S. inflation is easing back to the central bank's goal of 2%.

Federal Reserve Bank of St. Louis President James Bullard said he favored continued interest-rate hikes to counter persistent inflation, while recession fears are overblown.

Richmond Federal Reserve Bank President Thomas Barkin said he wants to see more evidence that U.S. inflation is easing back to the central bank's goal of 2%.