Fed Sounds Less Hawkish Than Expected, Warsh Signals Patience Amid Packed Global Economic Calendar

The US dollar traded higher against most of its major peers over the week, kicking off the period on a solid footing as currency markets braced for what many anticipated would be a hawkish Federal Open Market Committee (FOMC) decision on Wednesday. Although market participants were entirely convinced that a benchmark interest rate hike was…

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Fed Expected to Pause Rate Hikes in October, but Monetary Rules and Data Point to More Tightening Ahead

As the Federal Open Market Committee (FOMC) prepares for its upcoming policy meeting on October 27–28, financial markets and economic analysts widely anticipate that the central bank will leave its federal funds rate target unchanged. Following a quarter-point increase in September that brought the target range to 3.75 to 4.00 percent, key Federal Reserve officials…

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Bank of Canada Widely Expected to Deliver First Rate Hike in a Year Amid Energy-Driven Inflation Pressures

The Bank of Canada stands on the verge of shifting its monetary policy stance this week, with financial markets and economists overwhelmingly anticipating a quarter-percentage-point increase in the overnight rate. Scheduled for Wednesday, October 28, the central bank’s upcoming decision is projected to lift the benchmark rate to 2.50% from its current resting place of…

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