US Federal Reserve announces Federal Funds Rate

Source: Dukascopy Bank SA
The market consensus forecast was that the US Fed would keep its Federal Funds Rate at 5.50%. As expected, the rate was kept at that level. The US Dollar index reacted to the initial rate announcement with a sharp drop to levels near 103.50.
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Thu, 14 Dec 2023 08:46:37 GMT

SNB keeps rate unchanged

As it was expected by market analysts, the Swiss National Bank has kept its SNB Policy Rate at 1.75%. However, despite the flat rate, the Swiss Franc lost value, as the central bank announced a change of future inflation forecasts.

Thu, 14 Dec 2023 14:30:03 GMT

Chinese firm avoids US tech crackdown

Reuters has reported that a Chinese chip designer Brite Semiconductors has managed to avoid US chip crackdown by being part-owned by the country's top sanctioned firm and backed by US financing. The company has been offering six chip designs to the People's Liberation Army.

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