Forex News
Federal Reserve Issues FOMC Statement 
Federal Reserve Issues FOMC Statement
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price inc *FED REMOVES STATEMENT REFERENCE TO ADDITIONAL RATE ADJUSTMENTS The fed vote in favor of the policy was unanimous. FOMC STATEMENT COMPARE pic.twitter.com/LUGhyDzTRt 
Fed holds rates steady, pares down statement to remove cutting bias Kevin Warsh’s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter part of 2025. With a bevy intrigue over Warsh taking the central bank helm, the meeting followed the same pattern as the others this year regarding rates but differed otherwise. Fed officials, through their closely watched “dot plot” grid, removed their prior outlook for a rate cut this year and indicated that a hike is possible though not certain. However, the projections were missing the participation of one member, with Fed watchers suspecting that Warsh would not be submitting his outlook. A note attached to the projection materials indicated that 18 of the 19 meeting participants submitted rate and economic projections.
Fed holds rates steady, pares down statement to remove cutting bias Kevin Warsh’s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter part of 2025. With a bevy intrigue over Warsh taking the central bank helm, the meeting followed the same pattern as the others this year regarding rates but differed otherwise. Fed officials, through their closely watched “dot plot” grid, removed their prior outlook for a rate cut this year and indicated that a hike is possible though not certain. However, the projections were missing the participation of one member, with Fed watchers suspecting that Warsh would not be submitting his outlook. A note attached to the projection materials indicated that 18 of the 19 meeting participants submitted rate and economic projections.
FOMC Summary of Economic Projections 
FOMC Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 16–17, 2026, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2026 to 2028 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability *FED: NINE OF 18 FOMC PARTICIPANTS PENCIL IN 2026 RATE HIKE Hawkish dots, and Warsh - as some speculated - did not even submit a dot pic.twitter.com/YKTDn97EgF THE UPDATED DOT PLOT IMPLIES ONE 25-BASIS-POINT RATE HIKE IN 2026, FOLLOWED BY 25-BASIS-POINT RATE CUTS IN BOTH 2027 AND 2028, WHILE GDP GROWTH IS EXPECTED TO SLOW MODESTLY TO 2.2% IN 2026 AND UNEMPLOYMENT IS SEEN AT 4.3%. Fed SEP: Growth Lower, Inflation Higher, Rates Higher for Longer
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Fed's Chair Warsh: I don't believe we have a cruel choice between full employment and stable prices 
Fed's Chair Warsh: I don't believe we have a cruel choice between full employment and stable prices
Fed's Chair Warsh: I don't believe we have a cruel choice between full employment and stable prices. FED'S WARSH SAYS MORE WORK IS NEEDED ON PRICE STABILITY BUT ALL 19 FOMC MEMBERS AGREED NO TIGHTENING WAS NEEDED TODAY. Fed's Chair Warsh: My read of what I heard in the room, reflected in projections, was that half of colleagues felt rates should be lower and half should be higher. Fed's Chair Warsh: A new communication framework by the year-end wouldn't surprise.
Trump, Iran's president sign deal to end Mideast war 
Trump, Iran's president sign deal to end Mideast war
United States President Donald Trump and Iran's president signed a deal on Wednesday (Jun 17) meant to end the Middle East war, with Tehran agreeing to dilute its enriched uranium in return for large-scale economic relief. Trump put his signature to the memorandum of understanding during dinner with French President Emmanuel Macron at the Palace of ...
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FOMC Press Conference, June 17, 2026 
FOMC Press Conference, June 17, 2026
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. ...
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Warsh: Inflation well ahead of 2% goal 
Warsh: Inflation well ahead of 2% goal
WARSH: INFLATION WELL AHEAD OF 2% GOAL WARSH: PERSISTENTLY HIGH PRICES A BURDEN Fed's Chair Warsh: The recent past need not be a prologue to inflation. Fed's Chair Warsh: Today's policy statement was shorter and simpler. The statement dispenses with older language. *WARSH: I REFRAINED FROM SUBMITTING PROJECTIONS OF MY OWN
Warsh: I see no reason to revisit 2% inflation target until we have delivered 
Warsh: I see no reason to revisit 2% inflation target until we have delivered
Warsh Q&A: I see no reason to revisit 2% inflation goal until we have delivered Fed's Chair Warsh: We have the capability and the commitment to deliver 2% inflation. WARSH: 'I CAN'T GIVE YOU ANY GUIDANCE ON WHAT WE'RE GOING TO DO NEXT' WARSH: FED POLICY APPEARS TO BE RESTRICTIVE VIS A VIS HOUSING MARKET, BUT NOT FINANCIAL MARKETS
Warsh: "We've missed on inflation for five years and we're going to fix that" 
Warsh: "We've missed on inflation for five years and we're going to fix that"
Warsh: "We've missed on inflation for five years and we're going to fix that" pic.twitter.com/zZXk0NN5zp Fed's Chair Warsh: Most data we consume have old-fashioned survey methods. Fed's Chair Warsh: I would be open-minded if the Fed data task force had recommendations on how to improve official statistics. Private companies are working with real-time information. Fed's Chair Warsh: I am open-minded, there are new analytic techniques, new private sector data, and reforms for official sector data. Fed's Chair Warsh: Markets perform best when reacting to incoming data. Financial markets act less efficiently when they are worried about how the Fed will react to the data.
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Warsh-led Fed expected to leave interest rates unchanged 
Warsh-led Fed expected to leave interest rates unchanged
The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections likely to reflect growing concern about the inflation stoked by the Iran war even as oil prices slide on peace deal hopes. With recent data showing strong U.S. hiring, a ...
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Trump on Fed: Alright that they held rates, whatever; Trump on Fed raising rates possibly: It could happen 
Trump on Fed: Alright that they held rates, whatever; Trump on Fed raising rates possibly: It could happen
*TRUMP ON FED: ALRIGHT THAT THEY HELD RATES, WHATEVER *TRUMP ON FED RAISING RATES POSSIBLY: IT COULD HAPPEN
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U.S. and Iran signed the MOU for ending the war electronically on Wednesday, now in effect 
U.S. and Iran signed the MOU for ending the war electronically on Wednesday, now in effect
BREAKING: U.S. and Iran have signed the MOU for ending the war electronically on Wednesday and it is now in effect, two U.S. officials told me President Trump personally signed a copy of the agreement during a dinner with the President of France at the Palace of Versailles. A phot of the signed agreement was sent to the Iranians and the mediating countries
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Fed's Chair Warsh: I am appointing a task force in 5 areas 
Fed's Chair Warsh: I am appointing a task force in 5 areas
Fed's Chair Warsh: I am appointing a task force in 5 areas. 1. Fed Communications 2. Fed's Balance Sheet 3. Use and reliance on existing data sources 4. Productivity and jobs 5. Fed's inflation frameworks Fed's Chair Warsh: Each independent task force will have the best minds inside and outside the economics profession. Fed's Chair Warsh: I expect to propose changes, including to the summary of projections. Fed's Chair Warsh: The task force on inflation frameworks will examine drivers of inflation.
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From channelnewsasia.com | 17 min ago
Nearly half of Japanese firms believe it will take more than six months for their business operations to return to normal after a ceasefire is achieved between the United States and Iran, a Reuters survey showed on Thursday. The survey took place before Washington and Tehran's interim agreement to end the war in the Middle East and reopen the Strait of ...
From media.rabobank.com | 52 min ago
As widely expected, the FOMC kept the target range for the federal funds rate unchanged at 3.50- 3.75% and dropped its easing bias. However, this decision was announced in an unusually short statement. The decision was unanimous, with Miran – who repeatedly dissented because he wanted to cut – was replaced by Warsh. The press conference was a clear break ...
From cnbc.com | 1 hr 37 min ago
Oil prices declined Thursday after President Donald Trump reportedly signed a deal with his Iranian counterpart Masoud Pezeshkian to end the war in the Middle East, while the International Energy Agency flagged a supply glut next year. International benchmark Brent crude futures for August dropped 1.13% to $78.65 a barrel. U.S. West Texas Intermediate ...
Japan chief cabinet secretary Kihara: always prepared to act on forex Japan chief cabinet secretary Kihara: closely monitoring FX movements Just in | Japan's Chief Cabinet Secretary Kihara highlights that a weaker yen enhances corporate profits while increasing household expenses. Japan Chief Cabinet Secretary Kihara said authorities will closely watch market moves and guide economic and fiscal policy as appropriate.
From forex.com | 2 hr 26 min ago
The last time USD/JPY traded at these levels, the BOJ intervened. A hawkish shift from the Federal Reserve has seen markets rapidly reprice the US rates outlook, pushing Treasury yields and US dollar higher in the process. The result is a widening in interest rate differentials, helping propel USD/JPY back towards levels that previously forced the Ministry ...
From scotiabank.com | 3 hr ago
While it will be difficult to separate intent from unintended consequences perhaps to be revisited in subsequent communications, Kevin Warsh’s grand entrance drove the bond market to rebel, pushed stocks lower and drove a stronger dollar. Gone is the steady hand on the tiller that avoids game day surprises. Either a deliberately new hawkish and more ...
From interest.co.nz | 4 hr ago
Financial markets were largely in a holding pattern overnight as investors awaited the Federal Reserve’s first interest-rate decision under new Chair Kevin Warsh. Markets looked through solid US retail sales data, which pointed to continued consumer resilience. Major US equity indices and Treasuries were little changed, while the US dollar was marginally ...
United States President Donald Trump and Iran's president signed a deal on Wednesday (Jun 17) meant to end the Middle East war, with Tehran agreeing to dilute its enriched uranium in return for large-scale economic relief. Trump put his signature to the memorandum of understanding during dinner with French President Emmanuel Macron at the Palace of ...
Key Facts: All movements are in seasonally adjusted chain-volume terms (adjusted for price inflation) unless otherwise stated. In the March 2026 quarter, compared with the December 2025 quarter: • GDP rose 0.8 percent • expenditure on GDP rose 1.0 percent • GDP per capita rose 0.5 percent • real gross national disposable income rose 0.6 percent. The ...
Most brokerage executives discussing Formula One sponsorships focus on branding, visibility, and customer engagement. Pepperstone Group CEO Tamas Szabo used the topic to make a much broader prediction about the future of business itself. According to Szabo, artificial intelligence is moving toward a future where machines create first and humans refine ...
IRAN'S BAGHAEI: U.S. IS COMMITTED TO REMOVE ALL OBSTACLES WHEN IT COMES TO IRAN'S ACCESS TO ITS FROZEN FUNDS IRAN'S BAGHAEI: IN THE 60 DAYS THE OTHER PARTY SHOULD NOT INCREASE MILITARY PRESENCE IN REGION OR ISSUE NEW SANCTIONS Just in | Iran's Baghaei: Israeli Attacks on Lebanon Violate Commitment Iran confirming terms: *IRAN: US MUST NOT BOOST TROOPS OR ADD SANCTIONS IN 60 DAYS
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting to keep the benchmark level steady, but dropped several surprises that kept markets guessing about where things are heading. Markets didn’t like it, with major averages swooning after the meeting and as Warsh spoke in his news conference. Here are ...
From msn.com | 6 hr ago
British inflation unexpectedly held at 2.8% for May, unchanged from the 13-month low reached in April, official figures showed on Wednesday, a day before the Bank of England will announce its next interest rate decision. Sterling weakened a little against the U.S. dollar after the data and investors slightly trimmed their expectations for a rate rise later ...
BREAKING: U.S. and Iran have signed the MOU for ending the war electronically on Wednesday and it is now in effect, two U.S. officials told me President Trump personally signed a copy of the agreement during a dinner with the President of France at the Palace of Versailles. A phot of the signed agreement was sent to the Iranians and the mediating countries
From menafn.com | 7 hr ago
Rising energy prices have pushed inflation higher across much of the world, but Switzerland has been largely shielded from this trend. Headline inflation stood at 0.6% year-on-year in May, unchanged from April. Energy prices have, of course, increased in Switzerland (+17.7% year-on-year for petroleum products) as they have elsewhere. Still, the strength of ...
Iran's Top Negotiator Qalibaf: Iran will naturally charge for services in the Strait of Hormuz - Iranian State Media. IRAN'S QALIBAF SAYS ENEMIES' ACTIONS HAVE TURNED IRAN'S HORMUZ POTENTIAL INTO REALITY, ASSERTING IRAN HAS SOVEREIGN RIGHTS IN THE STRAIT AND WILL CHARGE FEES FOR SERVICES PROVIDED. - SOURCES
From economic-research.bnpparibas.com | 7 hr ago
23 June will mark the tenth anniversary of the Brexit referendum, which led to the UK’s official exit from the European Union on 31 January 2020 (followed by a transition period). Since then, the country has indeed regained control over certain policy domains, such as trade, migration and regulatory frameworks. However, both the anticipation of Brexit and ...
The Federal Reserve's latest "dot plot," outlining policymakers' interest rate projections, revealed a sharp shift in central bankers' expectations. Not only are rate cuts almost surely off the table for the rest of the year, but there is also a sharply higher chance of a hike before the end of 2026. Nine policymakers who participated in the exercise ...
TRUMP: IRAN DEAL WILL BE SIGNED OVER NEXT 48 HOURS TRUMP: WILL LEAVE U.S. MILITARY IN GULF 'FOR A WHILE' *TRUMP: NUCLEAR DUST LESS IMPORTANT THAN NONPROLIFERATION *TRUMP SPEAKS TO REPORTERS IN FRANCE
*TRUMP ON FED: ALRIGHT THAT THEY HELD RATES, WHATEVER *TRUMP ON FED RAISING RATES POSSIBLY: IT COULD HAPPEN
Fed's Chair Warsh: I don't believe we have a cruel choice between full employment and stable prices. FED'S WARSH SAYS MORE WORK IS NEEDED ON PRICE STABILITY BUT ALL 19 FOMC MEMBERS AGREED NO TIGHTENING WAS NEEDED TODAY. Fed's Chair Warsh: My read of what I heard in the room, reflected in projections, was that half of colleagues felt rates should be lower and half should be higher. Fed's Chair Warsh: A new communication framework by the year-end wouldn't surprise.
Fed's Chair Warsh: Fed can't have a significant effect on particular prices FED'S WARSH WARNS FED MUST ENSURE PRICE MOVES IN OIL, EGGS AND BEEF DO NOT BROADEN INTO WIDER ECONOMIC INFLATION. WARSH DECLINES TO COMMENT ON ANY INTERACTIONS WITH TRUMP SINCE CONFIRMATION Fed's Chair Warsh: The committee discussed productivity today, AI came up. AI is filled with a huge opportunity and risks. *WARSH: I DO SEE SOME RESTRICTIVENESS IN THINGS LIKE HOUSING *WARSH: HARD TO USE THOSE SAME WORDS ANYWHERE ELSE
Fed's Chair Warsh: There is one proposal on the table, very little discussion on it, and no discussion of any other proposals. We had a good family fight on it. Fed's Chair Warsh on Task Forces: We are not outsourcing decisions. Task forces will make recommendations. Fed's Chair Warsh: I am not going to offer commentary on market reaction today. We've given markets a new chapter for the Central Bank.
Warsh: "We've missed on inflation for five years and we're going to fix that" pic.twitter.com/zZXk0NN5zp Fed's Chair Warsh: Most data we consume have old-fashioned survey methods. Fed's Chair Warsh: I would be open-minded if the Fed data task force had recommendations on how to improve official statistics. Private companies are working with real-time information. Fed's Chair Warsh: I am open-minded, there are new analytic techniques, new private sector data, and reforms for official sector data. Fed's Chair Warsh: Markets perform best when reacting to incoming data. Financial markets act less efficiently when they are worried about how the Fed will react to the data.
Fed's Chair Warsh: Policymakers don't feel bound by their dots. I did not hear tons of conviction on the projection submissions. Fed's Chair Warsh: I expect by year-end there will be a broad review of communications, press conferences, dots, and meetings. Fed's Chair Warsh: For me, submitting a dot is not helpful in the conduct of policy. Fed's Chair Warsh asked about the future of press conferences: They can be a very useful way of communicating, but I want to have something important to say for pressers.
Warsh Q&A: I see no reason to revisit 2% inflation goal until we have delivered Fed's Chair Warsh: We have the capability and the commitment to deliver 2% inflation. WARSH: 'I CAN'T GIVE YOU ANY GUIDANCE ON WHAT WE'RE GOING TO DO NEXT' WARSH: FED POLICY APPEARS TO BE RESTRICTIVE VIS A VIS HOUSING MARKET, BUT NOT FINANCIAL MARKETS
Fed's Chair Warsh: I am appointing a task force in 5 areas. 1. Fed Communications 2. Fed's Balance Sheet 3. Use and reliance on existing data sources 4. Productivity and jobs 5. Fed's inflation frameworks Fed's Chair Warsh: Each independent task force will have the best minds inside and outside the economics profession. Fed's Chair Warsh: I expect to propose changes, including to the summary of projections. Fed's Chair Warsh: The task force on inflation frameworks will examine drivers of inflation.
WARSH: INFLATION WELL AHEAD OF 2% GOAL WARSH: PERSISTENTLY HIGH PRICES A BURDEN Fed's Chair Warsh: The recent past need not be a prologue to inflation. Fed's Chair Warsh: Today's policy statement was shorter and simpler. The statement dispenses with older language. *WARSH: I REFRAINED FROM SUBMITTING PROJECTIONS OF MY OWN
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. ...
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 16–17, 2026, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2026 to 2028 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability *FED: NINE OF 18 FOMC PARTICIPANTS PENCIL IN 2026 RATE HIKE Hawkish dots, and Warsh - as some speculated - did not even submit a dot pic.twitter.com/YKTDn97EgF THE UPDATED DOT PLOT IMPLIES ONE 25-BASIS-POINT RATE HIKE IN 2026, FOLLOWED BY 25-BASIS-POINT RATE CUTS IN BOTH 2027 AND 2028, WHILE GDP GROWTH IS EXPECTED TO SLOW MODESTLY TO 2.2% IN 2026 AND UNEMPLOYMENT IS SEEN AT 4.3%. Fed SEP: Growth Lower, Inflation Higher, Rates Higher for Longer
Anyone can explain why gold crash ????
From channelnewsasia.com | 17 min ago
Nearly half of Japanese firms believe it will take more than six months for their business operations to return to normal after a ceasefire is achieved between the United States and Iran, a Reuters survey showed on Thursday. The survey took place before Washington and Tehran's interim agreement to end the war in the Middle East and reopen the Strait of ...
From media.rabobank.com | 52 min ago
As widely expected, the FOMC kept the target range for the federal funds rate unchanged at 3.50- 3.75% and dropped its easing bias. However, this decision was announced in an unusually short statement. The decision was unanimous, with Miran – who repeatedly dissented because he wanted to cut – was replaced by Warsh. The press conference was a clear break ...
From forex.com | 2 hr 26 min ago
The last time USD/JPY traded at these levels, the BOJ intervened. A hawkish shift from the Federal Reserve has seen markets rapidly reprice the US rates outlook, pushing Treasury yields and US dollar higher in the process. The result is a widening in interest rate differentials, helping propel USD/JPY back towards levels that previously forced the Ministry ...
From dailyforex.com | 18 hr ago
The British pound has been all over the place during trading here on Tuesday as we continue to squeeze right around the 200-day EMA. In fact, the 50-day EMA is here as well, so with all of that being said, I think we've got a situation where traders are looking at this as being essentially fair value between the 1.3250 level underneath offering support and ...
Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC’s “Fast Money,” defending his agency’s decision to approve the asset domestically. Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed ...
From financemagnates.com | 34 hr ago
A quiet migration is underway in prop trading. The same firms that rushed to register in the Comoros barely a year ago are now surfacing on the books of a different offshore regulator, the Financial Services Commission (FSC) of Mauritius. FundingPips, FundedNext's FNmarkets, Hola Prime and Finotive Markets have all secured Mauritius licences in recent ...
Most brokerage executives discussing Formula One sponsorships focus on branding, visibility, and customer engagement. Pepperstone Group CEO Tamas Szabo used the topic to make a much broader prediction about the future of business itself. According to Szabo, artificial intelligence is moving toward a future where machines create first and humans refine ...
Chris Brown showed up to court to defend himself against his former housekeeper’s claims she was viciously mauled at his L.A. home ... but the case was declared a mistrial shortly after it started ... TMZ has learned. The trial started Monday after a jury was selected in the lawsuit brought by Maria Avila, the housekeeper who said she suffered emotional and ...
A surprising percentage of the Market Wizards blew up at some relatively early point in their careers. They were immersed in markets and aggressive in their pursuit of opportunity and their eagerness and ambition led them over their skis. What was noteworthy among these expert traders--Paul Tudor Jones in the first Wizard book is a great example--is their ...
From startrader.com | Jun 12, 2026
One of the most talked-about methods for building wealth over the long term, and among the most misunderstood by novice investors, is investing in stocks. The mechanics are not difficult, but the decisions you need to make must be clear: what you’re purchasing, why, and what can go wrong. Whether you’re investing in Indian markets, US markets, or both, this ...
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