Dollar firm as market looks to Fed for rate hike outlook [Reuters]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Reuters
Dollar firm as market looks to Fed for rate hike outlook | Reuters 4 Min Read TOKYO (Reuters) - The dollar held firm against major currencies on Wednesday as traders look to whether the U.S. Federal Reserve will indicate faster monetary tightening this year, with the first rate increase of 2018 almost unanimously expected later in the day. The dollar index .DXY =USD stood at 90.39, after having risen to 90.446 on Tuesday, its highest in almost three weeks. Still, broadly speaking, the index has been in a holding pattern between 90.934 and 89.399 so far this month. One key focus for the policy-setting Federal Open Market Committee (FOMC) is whether policy makers will forecast four rate hikes this year, instead of the median three hikes seen in December’s quarterly forecast. Followed by the announcement at 2 p.m. (1800GMT), the new Fed Chair Jerome Powell will hold his first news conference as Fed chief at 2:30 p.m. (1830GMT) “Markets have taken a very hawkish turn with respect to the F
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/24/24 - Form N-CSRS
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- BK's page on the SEC website