Fed Governor Michelle Bowman said on Thursday another 75 basis points (bps) rate increase in July and at least 50 bps of hikes at the next few meetings would be appropriate. The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily gains …

For the second day, FOMC Chair Jerome Powell is testifying before the House Financial Services Committee on “Monetary Policy and the State of the Economy”. The US Dollar Index edged higher after these comments and was last seen rising 0.2% on the day at 104.38.Key Remarks“Our tools affect inflation, not …

This morning, Bitcoin price, Ethereum and other cryptocurrencies look to be deviating from global markets after the third recession warning on Wednesday. With commodities still facing selloffs on Thursday and stock markets maintaining mixed performance, cryptocurrencies look to break the trend and shed the weight of the correlation with global …

Gold advanced at the beginning of the day but once again met sellers around the $1,850 area and finished the day at around $1,838 a troy ounce. Crude oil prices remained at the lower end of their weekly range, with WTI settling at $105.50 a barrel.The US dollar finished lower …

As cryptocurrency prices have lately retreated, there has been increased scrutiny on several athletes who have bragged about getting paid in cryptocurrency, and how much money those athletes have lost. A viral story has claimed that Jaguars quarterback Trevor Lawrence lost $15 million after taking his entire $24 million signing …

An early look at the state of the U.S. job market in June from payroll provider UKG suggests some strengthening, even as the Federal Reserve lifts interest rates sharply and economists raise alarms over the likelihood of a recession,” said Reuters late Wednesday.The news fails to gain any major reaction …

Oil retreated to its lowest level in over a month amid growing concerns that a global economic slowdown could eventually turn into limp demand.Brent crude is down by -1.48% and trades at $110. WTI slipped 3% to settle around $106 per barrel. Federal Reserve Chair Jerome Powell made his most …

Gold is trading between two levels of resistance and support, namely around $1,810 on the downside and $1,875 on the upside.At $1,840, the price of gold is a little lower than the highs but its remains 0.4% higher on the day. The price has travelled between a low of $1,823.45 …

The Dow Jones rose 0.2% after falling more than 1% soon after the open. The S&P 500 climbed 0.5%. The Nasdaq composite jumped 1%.The Dow Jones turned higher Wednesday, with the S&P 500 and especially the Nasdaq composite leading the way. Federal Reserve chief Jerome Powell told Congress that policymakers …

Chicago Federal Reserve Bank President Charles Evans on Wednesday has signalled he is with the core group at the Fed calling for continued rapid rate hikes to battle 40-year high inflation, noting “downside” risks.Despite the persistent message from Fed members that there is a ”need to raise interest rates ‘a …