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Tag: Fed


Capital and Risk, Liquidity

Gold (XAU/USD) Slips Lower After Fed Powell’s Warning, UST 30-Year Bond Sale Flop

November 10, 2023

Via: DailyFX

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]


News

Visa leans into CFPB proposal

October 25, 2023

Via: Payments Dive

Visa, the largest U.S. card network, regularly faces challenges to its business in the regulatory realm. Therefore, it’s a rarity to hear the company’s CEO complimenting a CFPB action. In this case, he was commenting on open banking, a trend […]


Regulations

Fed, OCC should probe Wells Fargo’s response to union efforts: Brown

October 5, 2023

Via: Banking Dive

Senate Banking Committee Chair Sherrod Brown, D-OH, is asking the Federal Reserve and Office of the Comptroller of the Currency to investigate allegations of labor abuse by Wells Fargo, in opposition to efforts by the bank’s employees to unionize. “Regulators […]


Regulations

Fed scrutiny failed to match SVB’s growth: Fed inspector general

September 29, 2023

Via: Banking Dive

The Federal Reserve’s internal watchdog said the central bank’s supervision of Silicon Valley Bank did not keep pace with the firm’s growth and increased complexity before it collapsed in March, according to a report released on Thursday. “With the benefit […]


Capital and Risk, Liquidity

Gold Price Extend Losses in the Aftermath of the Fed, XAU/USD Upside Bets Grow

September 22, 2023

Via: DailyFX

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]


Capital and Risk, Credit, Regulations

Banks plan to tighten credit: Fed

August 1, 2023

Via: Banking Dive

Banks have tightened lending standards as the Fed, beginning in March 2022, raised interest rates 11 times — the most aggressive pace in four decades. Policymakers, aiming to curb inflation to the central bank’s 2% target, increased the federal funds […]


Regulations

Fed fines UBS $268.5M over Credit Suisse’s Archegos ties

July 24, 2023

Via: Banking Dive

The Federal Reserve fined UBS $268.5 million in connection with “unsafe and unsound counterparty credit risk management practices” between Credit Suisse — the bank UBS recently acquired — and defunct investment fund Archegos, according to a consent order announced Monday. […]


Regulations

Fed publishes master account list

June 20, 2023

Via: Banking Dive

The Fed’s publication of the database follows a federal mandate that the central bank create and “maintain a public, online and searchable database” of entities that have, or that are requesting, account and service access. Former Sen. Pat Toomey, R-PA, […]


Capital and Risk, Liquidity

AUD/USD Price Forecast: Aussie Sinks on Lackluster RBA and Chinese Rates

June 20, 2023

Via: DailyFX

The Australian dollar is on offer this morning against the US dollar even though the greenback remains relatively flat as measured by the DXY index. The selloff stemmed initially from concerns around the Chinese economy as the PBoC cut both […]


Capital and Risk, Liquidity

GBP/USD Up, Below Recent Highs As Markets Look To Fed

June 12, 2023

Via: DailyFX

The British Pound made gains on the United States Dollar on Monday as a week packed with central-bank interest-rate decisions kicked off. We’ll hear from the European Central Bank and the Bank of Japan but, of course, the US Federal […]


Capital and Risk, Liquidity

USD Price Forecast: Dollar Index (DXY) Bid on Fed Speak

April 21, 2023

Via: DailyFX

The Dollar Index (DXY) has managed to trade marginally higher this Friday morning as we enter the European session. In what has been a muted Asian session, the greenback has found support from hawkish Fed speak last night. The Fed’s […]


Capital and Risk, Liquidity

US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms

March 22, 2023

Via: DailyFX

Crude oil markets are trading cautiously like most others on Wednesday in Europe as investors await the United States Federal Reserve’s March monetary policy decision, due later in the global day. On a more market-specific note, a shock rise in […]


Capital and Risk, Macroeconomic

Senate Banking Republicans warn Fed not to go too far in capital review

March 3, 2023

Via: American Banker

Republicans on the Senate Banking Committee are keeping a watchful eye on the Federal Reserve’s ongoing review of bank capital requirements. Sen. Tim Scott, R-S.C., the ranking member on the committee, sent a letter to Fed Chair Jerome Powell on […]


Capital and Risk, Liquidity

Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

November 30, 2022

Via: DailyFX

The latter half of this week is set to boost market volatility with high-importance events and data releases scheduled over the next three days. Later today, Fed chair Jerome Powell will give a speech to the Brookings Institute on The […]


Capital and Risk, Liquidity

Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

November 21, 2022

Via: DailyFX

Gold is tracking lower this morning on the back of a stronger USD stemming from the build up of relatively hawkish comments from Fed speakers. Although some reiterated the moderation of interest rate hikes going forward, the expectation remains aggressive […]


Capital and Risk, Liquidity

Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations

September 15, 2022

Via: DailyFX

XAU/USD FUNDAMENTAL BACKDROP Gold looks to test July swing lows today after yesterday’s U.S. inflation ‘hangover effect’ seems to have dissipated. The U.S. dollar is bid once more weighing negatively on bullion due to renewed market anticipation of a large […]


Capital and Risk, Liquidity

Bank of Japan (BoJ) – Foreign Exchange Market Intervention

August 30, 2022

Via: DailyFX

The Bank of Japan’s ultra-loose monetary policy is under pressure from a swathe of global central banks embarking on a series of rate hikes and balance sheet reduction programs. While many central banks, including the Federal Reserve (Fed) and the […]


Regulations

Under the Fed’s Tiered System, Requests for Master Account Access by Cryptocurrency Companies Will Be Subject to the Strictest Scrutiny

August 22, 2022

Via: JD Supra

On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests from fintech firms and cryptocurrency companies for access to master accounts. The guidelines make clear that while […]


Capital and Risk, Liquidity

USD/JPY Price Forecast: Potential USD/JPY Range, Nikkei Halts Impressive Run

August 18, 2022

Via: DailyFX

USD/JPY, like most dollar crosses, has witnessed a recovery as markets digest the short-lived notion of a Fed pivot following slightly cooler US CPI data last Wednesday.The softer dollar provided an opportunity for USD/JPY bulls to re-enter the trend at […]


Regulations

Fed puts onus on banks to check legality of crypto ventures

August 17, 2022

Via: Banking Dive

Before engaging in crypto-related activity, banking organizations supervised by the Federal Reserve should notify their lead point of contact at the central bank to ensure the activity is legal, the Fed said in a statement Tuesday. The directive is similar […]