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Citigroup has closed its short USD/CAD position after admitting a misjudgment on the Fed's policy stance. The bank's strategists cited the Fed's unexpectedly hawkish tone, which boosted the dollar and triggered their stop-loss. This highlights the critical impact of central bank policy shifts on currency markets.
Read MoreHong Kong's Monetary Authority raised its benchmark interest rate by 25 basis points to 4.25% on September 17, following the US Federal Reserve's rate hike. The move aims to maintain currency stability and manage inflation, likely impacting property markets, equities, and corporate borrowing costs.
Read MoreThe US House passed the "2026 Lindsey Graham Sanctions Russia and Iran Act," now awaiting presidential signature. It primarily targets Russia's energy revenue by pressuring major buyers of its oil and gas, and expands sanctions authority against Iran's weapons and energy funding sources. The Senate had previously approved the bill.
Read MoreThe US Dollar Index closed at 100.252 on September 16, rising 0.64% in a single day. This increase highlights shifting market expectations around Federal Reserve policy and risk sentiment, potentially impacting global currency markets.
Read MorePresident Trump has again pressured the Federal Reserve to cut interest rates below 1%, arguing that America's strong credit and investment appeal justify ultra-low rates. He labeled trade deficits as "losses," claiming the US could save over $1.5 trillion annually by revising trade policies and should no longer bear global trade costs.
Read MoreThe Federal Reserve Chair indicated the FOMC lacks confidence that inflation is sustainably moving toward 2%. Officials agreed price pressures remain elevated and expressed readiness to take further policy action if needed.
Read MoreThe Federal Reserve Chair indicated that while key economic indicators have improved recently and the U.S. economy is demonstrating unexpected resilience, inflation remains persistently high. This suggests the battle against inflation is ongoing, requiring continued vigilance from policymakers.
Read MoreFederal Reserve Chair Walsh stated that U.S. credit flow remains robust and financial conditions are not restrictive. This view is widely shared within the FOMC, indicating confidence in credit market functionality.
Read MoreMajor U.S. banks including JPMorgan Chase have raised their prime lending rate to 7% following the Federal Reserve's latest interest rate hike. This key benchmark increase will immediately raise borrowing costs for consumers and businesses on products like credit cards and personal loans.
Read MoreFed Chair Wash stated he will not offer forward guidance on future rate decisions, emphasizing the recent hike was the result of months of independent deliberation, not driven by market expectations. Policy is based on economic assessments, not market predictions.
Read MoreThe Federal Reserve's first rate hike in three years sparked a broad market decline. The Dow hit its lowest since mid-June, while bank and cryptocurrency-related stocks saw significant losses. Some tech and chip stocks defied the trend.
Read MoreFederal Reserve Chair Wash noted that prices for too many categories have risen over 3% in both 6-month and 12-month periods, indicating broad and persistent inflationary pressure. He acknowledged the Fed cannot directly control individual prices, highlighting structural challenges in inflation management. Markets should heed the long-term implications.
Read MoreThe Fed Chair expressed dissatisfaction with persistently high inflation, stating summer data showed no meaningful improvement. He emphasized price stability as the core policy focus, with many categories still rising over 3%, reaffirming the dual mandate of maximum employment and stable prices.
Read MoreFed Chair Walsh explains the shift from a July pause to a September rate hike, driven by three key changes: strong recent economic and labor data, persistent high inflation, and reassessed economic outlook due to geopolitical risks.
Read MoreThe Federal Reserve Chair clarifies that rising Treasury yields are not due to lost market confidence, identifying three key drivers: economic strength, capital competition, and geopolitical factors.
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