Federal Reserve Bank page 2

In the intricate web of global financial markets, few events hold as much sway over investor sentiment and market dynamics as the Federal Open Market Committee (FOMC) meetings. These gatherings, conducted by the United States Federal Reserve, transcend the realm of routine policy discussions. They wield the power to set the tone for economic growth, interest rates, and the overall direction of financial markets not only in the United States but also reverberating across the globe.

Key events: USA - FOMC Member Daly Speaks USA - FOMC Member Mester Speaks USA - FOMC Member Bostic Speaks  UK - BoE Gov Bailey Speaks       On Friday, US stocks showed little change and ended the week with a downward trend as investors analyzed a range of data released at the beginning of the month. This data seemed to bolster confidence in the stability of the US economy, leading to expectations that interest rates may remain elevated for an extended period.

The USD/CAD currency pair represents the relationship between the US dollar and the Canadian dollar and is a favored choice among currency traders due to its active trading hours, volatility, and relatively tight spreads. In this article, we will explore the key trading characteristics of USD/CAD, including its trading time, volatility, and spread, as well as factors that affect the US to CAD exchange rate, such as macroeconomic indicators, monetary policy, commodity prices, market sentiment and risk appetite, and political and geopolitical factors.

Recently, all the headlines were focused on the US debt ceiling, sparking discussions and concerns about the state of the nation's finances. The US debt has become a topic of great importance, drawing attention from economists, policymakers, and the public alike. But why is everyone talking about US debt? The answer lies in the significant implications it holds for the economy, financial stability, international relations, and the political landscape.

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Key events: USA - Juneteenth Eurozone - ECB's Lane Speaks Eurozone - ECB's Schnabel Speaks The S&P 500 closed lower on Friday due to the influence of market heavyweights like Microsoft, following comments from two Federal Reserve officials that dampened optimism regarding the central bank's imminent completion of aggressive interest rate hikes.

Key events:                                                Japan - BoJ Press Conference Eurozone - CPI (YoY) (May) USA - Michigan Consumer Sentiment (Jun) USA - Fed Waller Speaks On Thursday, the S&P 500 and Nasdaq reached their highest levels in 14 months, propelled by positive economic data that suggested the US Federal Reserve is approaching the conclusion of its aggressive interest-rate hike campaign. This news delighted investors, leading to a surge in the stock market.

Key events: USA - Initial Jobless Claims     Investor sentiment was mixed in the US stock market as market participants awaited the upcoming Federal Reserve meeting and new information regarding inflation. The Dow Jones Industrial Average edged up by 27 points or 0.1%, while the S&P 500 declined by 0.1%, and the NASDAQ Composite dropped by 0.5%.

Key events:  Canada - Core Retail Sales (MoM) (Mar) USA - Fed Chair Powell Speaks Eurozone - ECB President Lagarde Speaks Continuing their upward momentum, US stocks closed higher for a second consecutive day on Thursday, fueled by growing optimism surrounding a potential US debt ceiling agreement anticipated to be reached in the coming days.

Key events:         Switzerland - SNB Interest Rate Decision (Q1)     Switzerland - SNB Press Conference      Eurozone - EU Leaders Summit        UK - BoE Interest Rate Decision (Mar) UK - BoE MPC Meeting Minutes      USA - Building Permits   USA - Initial Jobless Claims USA - New Home Sales (Feb) Contrary to the recent problems in the U.S. banking system, the Federal Reserve did raise interest rates by 25 bps at its meeting last night.