TD Securities strategists report that the Bank of Canada (BoC) kept its policy rate at 2.25% and dropped guidance that the current rate is appropriate.
TD Securities strategists report that the Bank of Canada (BoC) kept its policy rate at 2.25% and dropped guidance that the current rate is appropriate.
Governor Tiff Macklem took questions from reporters, offering markets a clearer read on the central bank’s thinking. His remarks came after the widely anticipated decision to leave the policy rate unchanged at 2.25%.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Federal Reserve is widely expected to keep the funds rate at 3.50%-3.75%, with markets focused on the vote split, dot plot and Chair Powell’s tone.
TD Securities expects the Sweden's central bank, Riksbank to keep its policy rate unchanged at 1.75%, noting that pre-Iran conflict inflation was running below December projections.
The White House announced on Wednesday that they have issued a 60-day waiver of the Jones Act shipping law, per Reuters.
The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% at its Wednesday meeting, effectively extending the pause it signalled back in January.
Gold (XAU/USD) trades with a downside bias on Wednesday as the US Dollar (USD) steadies ahead of the Federal Reserve’s (Fed) interest rate decision due at 18:00 GMT.
Silver price (XAG/USD) trades in a confined range below $80.00 during the European trading session on Wednesday. The white metal consolidates as investors await the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
BNY’s Head of Markets Macro Strategy Bob Savage notes the Dollar is entering the FOMC decision on solid footing, with earlier February Dollar hedging sales now fully reversed.
Societe Generale argues that a mildly restrictive Federal Reserve stance and potential hawkish adjustments to the SEP could support the Dollar against G10 and EM currencies.