According to the Fed’s Beige Book, a report on current economic conditions in each of the 12 Federal districts, most districts experienced a sudden pullback in leisure and travel spending, as well as hotel occupancy and patronage at restaurants as the number of Covid-19 Omicron infections rose. Additional Takeaways: “Contacts …

US equities are up broadly higher as markets relieved that the latest US CPI data was not worse, rather the data comes in line with expectations though at a 40 year high. The S&P 500 is about 0.3% in the 4730 area whilst the Nasdaq 100 up 0.5% and probing …

Federal Reserve Bank of Cleveland President Loretta Mester said in an interview with the WSJ that, depending on what happens with the economy, some of the rate increase further out may need to be moved forward. Additional Remarks:“There are many things pushing up inflation now, including supply chain issues and …

The US Dollar has dropped 30 pips across the board, meanwhile, commodities have jumped, Treasury yields have fallen and the dollar is under broad pressure following the CPI report.The price move is a little tough to square with the data. The numbers were broadly in-line with the consensus, if not …

The US dollar sharply fell on Tuesday, following remarks by US Fed Chair Jerome Powell. In the hearing before the Senate on the occasion of his re-nomination for a second term, the US central bank Chief mixed hawkish view of the economy with watchful approach to the federal balance sheet …

Will CPI data confirm US highest Inflation in 4-Decades? This is only one of several persistent questions raised by traders who are awaiting the important economic data as tighter Fed monetary policy could subject risky assets from stocks to cryptocurrencies to more downward pressure.Bitcoin traders generally bet that the largest …

The S&P 500 has reclaimed 4700 on Tuesday amid broad US equity market upside as tech recovers post-Powell remarks. The index has recovered more than 2.8% from Monday’s sub-4600 lows.The lack of any fresh hawkish surprises seemed to give the green light for a technical reversal of recent moves. Having …

https://www.youtube.com/watch?v=46lVs1tbZiA&feature=emb_titleSpeaking to Dubai TV, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, commented on the most important developments in the financial markets during the first week of the new year 2022.Hashad commented on the most prominent issues in global markets …

Optimism on the US economy dived to an 18-month low as omicron infection levels exploded in addition to the hot inflation hitting unprecedented highs according to the latest IBD/TIPP Poll.The major shift came among investors, who are suddenly feeling more bearish about the US economic scene than they have been …

US stocks fluctuated on Tuesday and the 3 main indices were on track to recover from early losses as investors followed Fed Chair Senate confirmation hearing which strengthened the case for tightening to tame inflation although Powell predicted a “long road to normal” in monetary policy.The US inflation report due …