Summary
The upcoming Federal Reserve meeting on March 17-18 is easily the most crucial since the financial crisis. The currents roiling the global economy pit the U.S. recovery against the rest of the world. Can the U.S. sustain its momentum as the rest of the world slides to stagnation or recession? How much importance does the FOMC place on ‘rate normalization’ when inflation is non-threatening and upward wage pressure is always about to materialize but never arrives. Markets expect that the FOMC statement will drop the ‘patient’ characterization of Fed policy, opening the way to for the first Fed Funds rate hike in eight years but essaying no timetable. How will the governors strike the balance between the desire for ‘rate normalization’ the fear of deflating equities, potential damage to the U.S. expansion, and the incoming threats from the world economy? Join us for a thorough examination of Fed policy and options and prepare for a lively exchange of views.Latest Live Videos
Editors’ Picks
EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.