BTG/USD

Following Friday’s jobs report we have started to get the reactions of Federal Reserve officials and today it is the turn of Chair Jerome Powell. Speaking to the Economics Club of Washington he again stated that they “probably need to do further interest rate increases” with the strong jobs number underscoring there is a “significant road ahead” to get ...

Yesterday the Federal Reserve slowed the pace of rate hikes to 25bps; their first rate decision since December 2022. This comes after four consecutive 75bps hikes between June and November, followed by one 50bps hike back in December. Fed dot plots also indicate 25bps rate hikes in both March and May, but TBD on that. This comes as the US economy begins to ...