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The dollar sold off on Wednesday pushed lower by falling US Treasury yields. The market mood was depressing throughout most of the day.Yields were weaker ever since the day started, but accelerated their slump following the release of US inflation data. The September Consumer Price Index was upwardly revised to …

The Federal Reserve could begin reducing the pace of monthly asset purchases as soon as mid-November, according to minutes from the September meeting,The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasury bills and $5 billion in mortgage-backed securities.Officials at the meeting …

The U. S. dollar is rising marginally from the lows of the day on the release. Prior to the FOMC minutes.The U. S. dollar had eased back from a one year high as longer-dated Treasury yields fell after US inflation data, although data shows that prices rose solidly in September, …

The U. S. Fed released its minutes of the September monetary policy meeting. Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate.Various participants stressed that economic conditions were likely to …

Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

U. S. shares opened higher, Wednesday, but turned negative. As third-quarter earnings reports start flowing in today, investors will be keeping a sharp eye on growth. Returns will slow because of elevated inflation and supply chain disruptions in addition to rising costs.Despite the current bottlenecks and inflation pressures, Fed is …

The Fed minutes are not released in a lock up any longer so the report will be put up on the Fed website at the top of the hour and then the free-for-all begins.To recap, the key line in the FOMC statement was:“If progress continues broadly as expected, the Committee …

Russian President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, rejecting accusations that Moscow squeezes supplies for political motives.“If they ask us to increase further, we are ready to increase further. We will increase by as much as our partners ask …

U.S. households using natural gas are expected to pay a 30% hike in heating bills. The U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the Energy Information Administration released Wednesday.The …

The European Union said its new plan for Northern Ireland will cut customs paperwork by 50% and mean most food products will not need to be checked when arriving from Great Britain.Northern Ireland has a special Brexit deal which keeps it in the EU’s single market for goods and allows …