Powell has indicated that interest rate cuts may not be too far off if inflation signals cooperate. Powell did not provide a precise timetable of when easing could happen, but noted that the day could be coming soon. Powell said the cuts would be so the Fed doesn’t drive the …

Federal Reserve Chairman Jerome Powell continues, on Thursday, his two-day testimony before the Senate Banking Committee. Powell stressed that quantitative easing will begin in 2024. He noted that removing restrictive stance of policy will begin over the course of this year.Key Quotes: “If the economy does as expected, we think …

The European Central Bank’s Governing Council has decided to maintain three key interest rates unchanged due to a decline in inflation since January’s last meeting. The latest projections show inflation to average 2.3% in 2024, 2.0% in 2025, and 1.9% in 2026, with inflation excluding energy and food also revised …

More softening of the US employment market supported the growing likelihood of a rate decrease by the Fed in June, which further undermined the value of the dollar. Meanwhile, gold reached all-time-high, around $2,150 per ounce, as a result of more gains, and the EUR/USD pair broke above 1.0900 during …

After US Fed Chair Jerome Powell stated that the Fed does not anticipate an increased danger of recession in the US economy, WTI US Crude Oil surged to its highest bids in a week. WTI immediately changed direction and dropped back into the $78.50 range, but it is still in …

The EUR/USD pair has reached a five-week high after Fed Chair Jerome Powell confirmed that policy loosening is likely this year. The pair was on track to close in the green territory for a fourth consecutive trading day and edged higher to the 1.0901 level, as markets prepare for another …

The US dollar continues to fall against the Japanese yen for the second trading day in a row, which came on Wednesday after the markets weighed in on expectations that the Federal Reserve could likely start cutting interest rates after ensuring that inflation is duly contained based upon robust data.Treasury …

The S&P 500 rose on Wednesday after losing consecutive sessions on Wall Street. The broad index added 0.4%, while the Nasdaq Composite climbed 0.6%. The Dow Jones Industrial Average traded near its flatline, weighed down by a drop of over 2% in Disney. Investors attempted to push the market higher …

The US Dollar Index (DXY) is experiencing losses following the soft print for January’s JOLTs Job Quits and Job Openings as well as the weak ADP Employment Change report for February. The Dollar Index (DXY) is 0.45% down, trading at 103.313 at the time of writing.Federal Reserve Chair Jerome Powell …

Spot Gold prices reached a new record high on Wednesday, with XAU/USD reaching a tentative all-time high ever at $2,150.00. the precious metal is trading at $2143.64, and is still up 0.74% at the time of writing.This comes after Federal Reserve Chair Jerome Powell’s two-day appearance, where he clarified the …