US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …

Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation rose to 5.9% in October from 5.4% in September.The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the …

The US Dollar Index reclaims the area above the 107.00 mark on Monday. US yields tread water amid general absence of direction. The USD Index keeps unchanged following the opening bell in Wall Street. The Index looks supported around 106.30The index regains some poise after the sharp decline seen in …

Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …

On Wall Street, US stocks surged, Friday, to add to the prior US session’s biggest daily percentage gains for the S&P 500 and Nasdaq in more than 2-1/2 years after year-over-year inflation in October fell below 8% for the first time in eight months.The S&P 500 closed out its best …

The price action of gold, next week, will look for direction mostly from the US dollar which attains a special standing as the key driver for gold’s ability to continue to this week’s rally.Gold is quickly becoming the asset to watch amid hot inflation as well as when inflation starts …

US Treasury Secretary Janet Yellen said she is not reading too much into October’s inflation report, which showed price pressures narrowing faster than expected and sent markets soaring.While the consumer price index report, which showed annual inflation slowed to 7.7%, was good news, it might not mean that inflation is …

US Treasury Secretary Janet Yellen said on Friday that she will meet China’s central bank governor Yi Gang on the sidelines of the G20 Summit in Bali to discuss global economic conditions and China’s property market situation. The expected meeting will coincide with President Joe Biden’s planned Monday meeting with …

News about FTX, Alameda Research and affiliated companies filing for bankruptcy, is putting additional pressure on crypto assets. Bitcoin is trading at $16700 at the time of writing, down -$843 or 4.75% versus the previous closing price at $17551on a bullish spark ignited early Friday. The cryptocurrency market will likely …