Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said late Thursday that keeping the Fed policy restrictive will help bring inflation down.
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.
Federal Reserve (Fed) Governor Michael Barr spoke at a virtual event for Fed Communities on Thursday.
President of the Federal Reserve (Fed) Bank of Chicago, Austan Dean Goolsbee, spoke in an interview with CNBC, talking about the labor market on Thursday. He stated that the unemployment rate remains essentially unchanged and that he cannot rely on inflation being transitory.
Bank of England Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press after leaving the policy rate unchanged at 4% at the November meeting.
Bank of England Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press after leaving the policy rate unchanged at 4% at the November meeting.
US Dollar (USD) is likely to trade in a range of 7.1220/7.1350. In the longer run, there is scope for USD to test 7.1450.
Norwegian Krone (NOK) strengthens as the Norges Bank keeps policy steady at 4.00% and signals cautious future rate cuts, BBH FX analysts report.
GBP/USD is holding above key support at 1.3000, BBH FX analysts report.
EUR/NOK is consolidating between 11.53 and 11.83, showing no clear directional bias after stalling near September’s low, Société Générale's FX analysts note.
As expected, on Wednesday, the Riksbank left its key interest rate unchanged at 1.75% yesterday and signaled that it does not anticipate any further changes in the foreseeable future. Its statement was correspondingly brief and concise, Commerzbank's FX analyst Antje Praefcke notes.
The Eurozone’s Retail Sales increased by 1% year-over-year (YoY) in September, following a revised 1.6% growth in August, according to official data released by Eurostat on Thursday.
European Central Bank (ECB) Vice President Luis de Guindos said in the webinar "Euro area current policy challenges" via online livestream on Thursday that he is comfortable with where interest rates currently are.
GBP/JPY depreciates after registering more than 0.5% gains in the previous session, trading around 200.90 during the European hours on Thursday.