May Fed News Today

The US dollar may prove resilient ahead of the crucial PCE inflation data, while EUR/USD seeks catalysts and USD/JPY maintains its uptrend. Traders eye German and EU inflation figures for guidance

Nvidia is a critical player in the AI space and its quarterly earnings report is a key event on Wall Street this week.

The Indian rupee is expected to open flat-to-slightly weaker on Tuesday amid a decline in Asian peers and an uptick on the dollar index. Non-deliverable forwards indicate rupee... -May 20, 2024 at 11:04 pm EDT - MarketScreener

The rupee, which had been holding a narrow range around 83.50, managed a rally in the afternoon session on Friday. Dollar offers from public sector banks, small stop losses were among the reasons cited for the move higher.

The Federal Reserve kept the fed funds target rate at 5.25% to 5.5%, but investors will look for insight from Chair Jerome Powell.

The Federal Reserve kept the fed funds target rate at 5.25% to 5.5%, but investors will look for insight from Chair Jerome Powell.

The Fed has been here before—sort of.

U.S. Treasury secretary Janet Yellen could next drop a $1 trillion bitcoin and crypto bombshell...

With Middle East tensions now eased, Wall Street can concentrate on earnings results. S&P500 up 1.2%. (Available for non-subscribers after 10am)

In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported core bonds. US yields dropped between 5.5 bps (2-y) and 8.6 bps (5-y). The Fed Beige Book preparing the May Fed meeting reported slight or modest growth in most districts.