Dollar slammed by dovish Fed; pound remains weak [CNBC]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: CNBC
Dollar slammed by dovish Fed; pound remains weak Amr Abdallah Dalsh | Reuters The U.S. dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held U.S. interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy. In a major shift in its perspective, the Fed also now expects to raise borrowing costs only once more through 2021, and no longer anticipates the need to guard against inflation with restrictive monetary policy. dollar index Against the yen "The dollar has come under pressure against a large number of currencies around the world," said Chuck Tomes, associate portfolio manager at Manulife Asset Management in Boston. "Overall it seems the Fed was able to solidify their dovish view as there are no rate hikes priced in for this year and only one rate hike for 2020," he said. "That was more dovish than people were expecting at the margin,
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MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form S-8
- MFC's page on the SEC website