USD/CAD Reaction Muted as Bank of Canada Raises Interest Rates, Powell Testimony in Focus
The Bank of Canada raised its benchmark rate by 0.25% as policymakers look to tamper down sticky inflation.
Source: dailyfx.com
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Top News In Powell Testimony Today - Breaking & Trending Today
Powell says policy pivot on track despite 'uncertain' impact of Ukraine war
In prepared remarks for his testimony to the US House of Representatives Financial Services Committee, Powell reiterated the core Fed narrative that high inflation and an "extremely tight" labor market warrant higher interest rates.
Source: businesstoday.in
Fed's Powell says still appropriate to raise interest rates by 25 bps in March
"I’m inclined to propose and support a 25 basis point rate hike," Powell testified before Congress about the Fed's upcoming March meeting.
Source: businesstoday.in
Dow Jones Advances After Powell Testimony, Hang Seng May Follow Higher
Wall Street equities gained after Federal Reserve Chair Jerome Powell reassured investors that the central bank will contain inflation without hurting the economy. Asia-Pacific markets may open hig...
Source: dailyfx.com
Bitcoin (BTC) Bulls Emerging, US Dollar Struggles, Focus on Powell Testimony Risk
Bitcoin (BTC) Bulls Emerging, US Dollar Struggles, Focus on Powell Testimony Risk
Source: dailyfx.com