Breaking News

U.S. Fed Funds Target Rate

Latest Release

Nov 07, 2024

Actual

4.75%

Forecast

4.75%

5.00%

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.

Importance:

Country:

Currency: USD

Source: Federal Reserve

Release Date	Time	Actual	Forecast	Previous
Dec 18, 2024	14:00			4.75%
Nov 07, 2024	14:00	4.75%	4.75%	5.00%
Sep 18, 2024	13:00	5.00%	5.25%	5.50%
Jul 31, 2024	13:00	5.50%	5.50%	5.50%
Jun 12, 2024	13:00	5.50%	5.50%	5.50%
May 01, 2024	13:00	5.50%	5.50%	5.50%

News

Stock market today: S&P 500 closes at record to wrap up best month of 2024 By Investing.com - Nov 29, 2024

Investing.com--The S&P 500 closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024. At 1.00 p.m. ET (1800 GMT), the S&P 500 rose 0.6% to a closing record...

Gold prices continue to fall as dollar firms; CPI, Fed cues in focus By Investing.com - Nov 11, 2024

Investing.com -- Gold prices fell Monday, extending losses from last week as the dollar remained strong and risk appetite healthy in the wake of Donald Trump’s victory in the 2024 presidential...

Stock Market Today: Dow closes above 44,000 for first time as rally mode continues By Investing.com - Nov 11, 2024 1

Investing.com-- The Dow climbed Monday, extending its recent rally to close above 44,000 for the first time as the stocks continue to surge ahead of upcoming inflation data and a slew of Federal...

Analysis

New Home Sales and Home Prices Argue for Another Cut By Lance Roberts - Dec 02, 2024

New home sales fell by 17.30% in October, marking the most significant monthly decline in ten years, as shown in the graph on the left below. Furthermore, the supply of new homes on the market rose...

US Dollar Braces for Fed Clues; Prepare for Reactions to Tariffs, Trade Shifts By Chris Turner - Dec 02, 2024

A much busier week in terms of US data will have a major say in whether the Fed cuts rates by 25bp on 18 December. US data poses some downside risks to the US Dollar, but the continued and expanding...

US Dollar Stays Steady; But Core PCE Data Could Challenge Fed Cut Speculation By Chris Turner - Nov 27, 2024

The highlight of Wednesday's session will be the release of the US October core PCE deflator, expected at 0.3% MoM. Even though the market has largely moved on from the US inflation story, a sticky...

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S&P/TSX 60	1,535.83	-1.26	-0.08%
US 30	44,623.5	-158.5	-0.35%
US 500	6,037.3	-9.8	-0.16%
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Gold	2,670.66	+12.16	+0.46%
Silver	31.517	+0.653	+2.12%
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US Cotton #2	71.57	+0.08	+0.11%

Bombardier Inc	100.930	+3.670	+3.77%
Enbridge	43.54	+0.18	+0.42%
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Broadcom DRC	39.90	+0.14	+0.35%
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Canada 5Y	2.985	+0.026	+0.88%
Canada 10Y	3.126	+0.043	+1.39%
Canada 30Y	3.174	+0.046	+1.47%
U.S. 2Y	4.167	-0.031	-0.74%
U.S. 10Y	4.210	+0.017	+0.41%
U.S. 30Y	4.383	+0.025	+0.58%
Germany 10Y	2.0565	-0.0005	-0.02%

	Interest Rates	Next Meeting
BOC	3.75%	Dec 11, 2024
FED	4.75%	Dec 18, 2024
BOE	4.75%	Dec 19, 2024
ECB	3.40%	Dec 12, 2024
SNB	1.00%	Dec 12, 2024
RBA	4.35%	Dec 10, 2024
RBNZ	4.25%	Feb 19, 2025
BOJ	0.25%	Dec 19, 2024
CBR	21.00%	Dec 20, 2024
RBI	6.50%	Dec 06, 2024
PBOC	3.10%
BCB	11.25%	Dec 11, 2024