Will the Federal Reserve eagles this week? Economist: Cutting interest rates now is probably harder than raising interest rates

A preview of the Federal Reserve's May meeting.

Zhitong Finance10minutes ago

U.K. Shop-Price Inflation Eases Further, Showing Signs of Stabilization, Report Says

Annual U.K. shop-price inflation further eased in April for the 12th consecutive month as fresh product prices continued to fall due to lower production costs and intense competition, according to a report published Tuesday.

WSJ02:09 ET

UK store prices are showing a deflationary trend, will the Bank of England reveal clues to cut interest rates next week

The British Retailers Association said that clothing and footwear are cheaper than before; the Bank of England will decide whether to cut interest rates next week.

Zhitong Finance21:00 ET

GBP/USD Consolidates Its Gains Above 1.2550, Investors await Fed Rate Decision

The GBP/USD pair consolidates its gains near 1.2560 after flirting with the key 200-day SMA and three-week highs in the 1.2550-1.2560 zone during the early Asian session on Tuesday. The recovery of the major pair is supported by a falling US Dollar Index (DXY) to 105.65. On Wednesday, the Federal Open Market Committee's (FOMC) interest rate decision will take center stage ahead of the release of April’s Nonfarm Payrolls (NFP) on Friday.

FXStreet19:04 ET

Without considering the Federal Reserve's slowdown and downsizing, the US Treasury unexpectedly raised borrowing expectations for the second quarter sharply

The Ministry of Finance raised the expected size of net borrowing for the second quarter by 20% to US$243 billion, and is expected to triple to US$847 billion in the third quarter; the Treasury account TAG cash balance is expected to remain unchanged at US$750 billion at the end of the second quarter, rising to US$850 billion at the end of the third quarter, suggesting that actual capital requirements for the third quarter were lower than Wall Street expectations.

wallstreetcn16:10 ET

Forex Today: FX Intervention Hurt the Dollar

The Greenback started the week on the back foot in a week where interest rate cut bets by the Fed would remain in centre stage amidst the FOMC event and the release of April’s Non-farm Payrolls.

FXStreet14:03 ET