Author: FX

Federal Reserve (Fed) Chair Kevin Warsh is reportedly weighing whether the US central bank should hold fewer policy meetings each year, according to the New York Times, citing four people familiar with the matter.Bloomberg later reported that Warsh floated a schedule of six rate-setting meetings a year, plus two additional meetings focused on broader economic issues.The eight regular FOMC meetings a year to set interest rates have been standard since the 1980s, and next year’s tentative meeting dates have already been posted on the Fed’s website. Any reduction would mark a major change to a monetary policy framework that has…

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AUD/USD waits for a clearer signalDirectional bias: Neutral to bullish above 0.6900, although repeated difficulty clearing 0.7000 leaves the pair exposed to another rejection.Preferred approach: Patience may offer a better risk-reward profile than chasing the pair immediately below resistance. A confirmed break above the 0.7000 threshold or a pullback that holds around the 200-day SMA would provide a cleaner setup.Bullish trigger: A sustained move above 0.7000, ideally supported by firm Australian labour data, stronger expectations of another RBA rate increase, lower US yields or an improvement in risk appetite.Bearish trigger: Another failure at 0.7000, accompanied by renewed US Dollar strength…

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WH NEC Kevin Hassett: US inflation numbers have been fantastic !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link

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