Fed Vice Chair nominee Lael Brainard, speaking at a hearing before the Senate Banking Committee on Thursday, said that the Fed’s actions will bring inflation down whilst also allowing the US labour market to make a full recovery. So far in the hearing, Brainard has not been questioned extensively on …

US stocks rallied, although indexes gave up gains unevenly ahead of the close, while government bond yields ticked lower, sending the American dollar in a selling spiral, exacerbated by the breakout of technical levels.The EUR/USD pair trades at its highest in two months at around 1.1450, while GBP/USD jumped to …

Japan’s worsening coronavirus conditions push policymakers towards harsh activity controls. The Asian major reported the highest daily COVID-19 cases in four months on Wednesday which in turn hints at the return of the second-higher coronavirus alert level in Tokyo.The nationwide tally stood at 13,244, with Tokyo accounting for 2,198 of …

The President and CEO of the Federal Reserve Bank of San Francisco Mary Daly has stated that the Federal Reserve Bank does not want to get too far ahead on calling a number of rate increases.She explained that they definitely see rate increases as early as March because inflation is …

According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in …

Crude oil prices hit two-month highs on Wednesday on the back of tight supply as crude inventories in the United States fell to their lowest since 2018, and as the US dollar weakened and concerns eased about the Omicron coronavirus variant.US crude inventories retreated by 4.6 million barrels last week …

The number of building consents issued for new dwellings in New Zealand rose 0.6 percent month-over-month to 4,206 in November of 2021, following a downwardly revised 2.1 percent fall in the previous month. In the year ended in November 2021, the actual number of new dwellings consented was 48,522 up …

The prices of energy, crude and gasoline all increased in 2021 from 2020 according to the latest data released Wednesday by the US Energy Information Agency.Prices increased because of higher demand and a range of other factors. By the end of 2021, commodities on the energy index traded 59% higher …

US stocks traded higher on Wednesday after the inflation report comprising the awaited CPI data was released but in the afternoon trade gains were cut. The inflation figures in the US eased concerns that the Fed will need to tighten faster than early announced. The S&P 500 added roughly 0.28% …

US President Biden on Wednesday has insisted that his administration is “making progress” on inflation, despite data showing it continued to grow last month for an annual jump of 7 percent, the highest increase since 1982.The White House highlighted falling fuel costs in December and lower overall monthly increase of …