
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets for the next two weeks. Powell is expected to calm down the skeptical financial markets and push back speculation over the soon policy tightening. He has already mentioned on several occasions that the central bank isn’t going to increase rates any time soon and authorities will warn markets well in advance about any policy changes. Many investors believe that he will stick to this line, but there are still some concerns.
Fed Chair Powell's speech may include hints about the bank's thoughts on inflation as US inflation expectations reached the highest level since 2008 as yields resurge. US yields remain at the high level of 1.50%.
Fear of inflation makes investors concern that the Fed will have to tighten policy sooner than expected, by either cutting bond purchases or even raising rates. That would lead to stocks’ drop and the increased demand for the US dollar. However, Fed asks to cool down as the rise in yields was triggered by economic growth and stimulus. All of that is good for stocks.
Follow Fed Powell’s speech at 19:05 MT time and keep an eye on the charts, big moves are awaited!
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!