The minutes from the Federal Reserve’s January 28-29 meeting, where the FOMC unanimously decided to maintain the target interest rate range at 4.25%-4.5%, revealed discussions surrounding the balance sheet and potential risks to the inflation outlook.Balance Sheet Discussions and Debt Ceiling ConcernsThe minutes disclosed that Fed officials debated the timing …
Read More »FOMC Minutes reflect concerns over Trump’s policies
At January’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from …
Read More »Breaking: Gold prices surged to a fresh all-time high
Gold prices surged to a fresh all-time high on Wednesday, extending their third consecutive day of gains amid geopolitical tensions and renewed trade tariff concerns from U.S. President Donald Trump. Spot gold (XAU/USD) climbed above $2,947.08 per ounce during the European trading session. Gold futures also saw strong upward momentum, …
Read More »First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “strong overall” economy, low unemployment, and inflation that remains above the Fed’s 2% target. Fed Chair Jerome Powell stated that the economy is strong overall and has made significant progress toward its …
Read More »U.S. Job Growth Slows in January Amid Revisions and Weather Disruptions
The U.S. economy added fewer jobs than expected in January, signaling a potential slowdown in labor demand. However, analysts cautioned that the figures may be distorted by annual revisions and extreme weather conditions. Nonfarm payrolls: 143,000 (below the forecast of 169,000). December jobs revised upward: 307,000 (previously reported as 256,000). …
Read More »UD Dollar Shaken by Record Gold Levels
The US dollar declined under pressure from soaring gold prices, which approached record highs after benefiting from a decline in US Treasury yields due to US data released on Thursday.The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to 107.99 points, …
Read More »Chair Powell: The Fed will keep its inflation goal
The Federal Reserve held its key interest rate steady on Wednesday, maintaining the Federal Funds Target Range at 4.25% to 4.50%. This decision aligns with market expectations and follows a 25-basis-point rate cut in December. The Fed continues to grapple with balancing economic growth and inflation control. The Fed’s …
Read More »Federal Reserve left its interest rates unchanged in line with expectations
The Federal Reserve (Fed) announced on Wednesday that it has kept its Federal Funds Target Range (FFTR) unchanged at 4.25%–4.50%, in line with broad market expectations. This decision follows the 25 basis point rate cut in December as the Fed continues to navigate the delicate balance between supporting economic growth …
Read More »Could US Dollar Encounter Shifting Sands? Tariffs and the Trump Legacy
The Rise of BRICS+: A New Era of Global InfluenceThe recent expansion of BRICS, the economic bloc comprising Brazil, Russia, India, China, and South Africa, marks a pivotal moment in the global economic order. With the addition of Indonesia as a full member and a diverse array of nations joining …
Read More »Weekly Recap: US Jobs data slams Wallstreet shares amid earnings anticipation
Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …
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