Fed Holds Rates Steady, Signals 2 Cuts in 2026
The Federal Reserve maintained interest rates at 4.25% as expected, with the dot plot indicating two rate cuts before year-end.
ECB Lagarde: Inflation Progress Supports Gradual Easing
ECB President Christine Lagarde stated inflation is moving in the right direction, supporting a gradual approach to monetary policy easing.
GBP Strengthens as UK GDP Beats Expectations
Sterling rallied after UK GDP data showed 0.4% monthly growth, exceeding the 0.1% forecast and reducing pressure for BOE cuts.
USD/JPY Volatility Spikes on BOJ Intervention Fears
The yen strengthened sharply amid speculation the Bank of Japan intervened to support the currency after it weakened past 155.
AUD Slides on Weak Employment Data
The Australian dollar fell after employment change missed expectations, adding to the case for an RBA rate cut.