President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the Fed policies are not expected to lead to a surge in inflation similar to what the United States saw in the 1970s, MarketWatch reported. “That’s completely different from the inflation-targeting era that began in …

Oil prices showed a mixed performance on Thursday amid anticipation for the upcoming monthly meeting of the OPEC+ alliance to review production policies. Brent crude futures for May delivery closed lower by 7 cents, or 0.1%, at $66.11 per barrel, following three consecutive daily increases that helped the global crude …

Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …

European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …

Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …

President of the Federal Reserve of Kansas City, Esther George, said on Thursday that the rising treasury yields are a sign of optimism about economic recovery. This could further improve when vaccines are more widely distributed, she indicated. “Much of this increase likely reflects growing optimism in the strength of …

President of the Federal Reserve Bank of Atlanta Raphael Bostic said on Thursday that economic recovery and job creation will improve as Coronavirus vaccines are more widely distributed, Bloomberg reported. The Atlanta Fed President believes that the path of economic recovery depends on the development of the pandemic situation and …

President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the rise in treasury yields is an adequate consequence to the expected economic recovery and rise in inflation, Reuters reported. “With growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury …

Pending home sales in the United States declined in January, due to a shortage of supply, data by the National Association of Realtors (NAR) showed on Thursday. The NAR Pending Home Sales Index decreased by 2.8% in January to 122.8. The reading came against market expectations with a Reuters poll …

The U.S. Dollar (USD) declined on Wednesday after fluctuations, amid a rise in Treasury yields, the market reacting to the approval of a new Coronavirus vaccine, as well as the testimony of the Federal Reserve Chair Jerome Powell in front of the House of Representatives. The Dollar Index (DXY), which …