BoE Kept Rates Unchanged but Revised Inflation Outlook Eyes Cuts

View this email online. Visit us: The Dollar and Gold Hold Post-FOMC Gains   Jerome Powell tempered market rate cut expectations yesterday, saying that the central bank needed greater confidence that inflation would hit target. READ MORE Central Banks  Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. READ MORE Technical Analysis The Japanese yen appears to be building on some early upward momentum, in the aftermath of a moderately hawkish Bank of Japan meeting in January.  READ MORE Analysts' Views on Hot Markets Richard Snow Strategist USD Price Update: DXY Drops after FOMC and a Likely Peak in Rates READ MORE Nicholas Cawley Senior Strategist US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher READ MORE Diego Colman Contributor US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD READ MORE Share this email: Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA Trading financial instruments, including leveraged foreign currencies, carries a high degree of risk and your losses may exceed your deposits. Trading is not suitable for all. You should carefully consider whether trading is right for you in light of your investment experience and financial resources. Past performance is not indicative of future results. This commentary is for general informational purposes and does not constitute advice or a solicitation. While DailyFX has taken reasonable measures to verify the accuracy of the information herein, DailyFX makes no guarantee as to its accuracy or completeness. This information is subject to change at any time without notice. DailyFX is not liable for any loss or damage which may arise from the use of any information in this commentary. Please read the full Risk Disclosure, as well as our Privacy Policy. You received this email because of your relationship with DailyFX. To manage your preferences or unsubscribe from our marketing communications click here.   © 2024 IG