The US dollar has been on the rise since the start of US trading on Thursday, fueled by signals from the Federal Reserve’s previous meeting. Additionally, weekly jobless claims continue to decline.The dollar index, which measures the performance of the US currency against major currencies, reached 104.97 points compared to …

The FIT21 Bill is frequently cited by analysts as a critical step towards cryptocurrency regulation. A big bill that is presently passing the US House of Representatives is called the Financial Innovation and Technology for the 21st Century Act (FIT21). Why it matters is as follows:Regulatory Framework for Digital Assets:In …

On Wednesday, the Fed issued the minutes of its last meeting held on April 30 and May 1, which sheds light on monetary policy trends and overall economic conditions. The minutes also answer important questions related to the challenges facing financial markets in America and the world. Let’s have a …

Nvidia reported Q1 earnings, which were impressive, with net income rising more than sevenfold compared to the previous year. The company’s revenue also experienced remarkable growth, more than tripling from $7.19 billion to $26.04 billion during the same period. Analysts had high expectations, and NVIDIA exceeded them. Earnings per share …

The GBP/USD pair is easing back from Wednesday’s early gains after FOMC showing. UK PM Sunak calls for general election July 4 in a bid to hold power. A rate cut in June 2024 look less likely, the GBP/USD pair is pulling back from Wednesday’s early gains after the FOMC …

Despite expressing disappointment over recent inflation readings, Federal Reserve officials at their last policy meeting indicated they still believed that price pressures would gradually ease. This sentiment was reflected in the minutes of the Fed’s April 30-May 1 session.Although the current policy response would “involve maintaining” the central bank’s benchmark …

US stock indexes are drifting around their records, with the S&P 500 remaining virtually unchanged. Target tumbled 7.4% after reporting profit for the latest quarter that fell short of analysts’ expectations, and forecasted ranges for upcoming profit fell below analysts’ estimates. Nvidia’s headline profit report will come after trading closes …

The US Dollar Index (DXY) is currently trading near 104.80, showing minor gains during Wednesday’s American session. Despite soft inflation data reported last week, the Greenback remains resilient, thanks to cautious statements from Federal Reserve (Fed) officials.The upcoming release of the FOMC Minutes is crucial for investors seeking insights into …

The price of gold declines for the second day in a row due to a dismal interest-rate outlook and higher-than-expected expectations for interest rates. Fed’s Policymakers are hesitant to cut interest rates until they have made greater headway in combating inflation. Their opinions are shared by people all across the …

Federal Reserve Governor Christopher Waller has expressed concerns about the need for further rate hikes due to the hotter-than-expected inflation data. He believes that more months of good inflation data are needed before he can support an easing in policy. Federal Reserve Bank of Boston President Susan Collins and Federal …