Economic Report

Fed Chairman Jerome Powell noted that the revised forecast is a conservative approach and left open the possibility of additional rate reduction. Federal Reserve officials released a startling change to their estimates for the number of interest rate cuts this year.Following the two-day monetary policy meeting in Washington on Wednesday, …

Tech Stocks Lead Gains, Fed Decision and Inflation Data in Focus U.S. stock index futures edged higher on Wednesday, maintaining positive momentum ahead of the Federal Reserve’s policy meeting and the release of crucial inflation data. The S&P 500 and Nasdaq Composite reached record highs on Tuesday, driven primarily by …

Markets Await U.S. CPI and Fed’s Economic Projections The U.S. dollar held steady on Wednesday following a recent surge to a four-week high. Market participants are eagerly awaiting the release of U.S. inflation data and the Federal Reserve’s updated economic projections, both expected later in the day. The data and …

Amid uncertainty surrounding interest rate cut forecast for the remainder of this year, the Fed meets for two days to discuss monetary policy. When this meeting ends on Wednesday, June 12, traders, analysts, and investors look forward to the decisions made there in hope of learning additional signals on the …

The US CPI report for June 2024 is expected to be released at 8:30am ET on Wednesday, June 12, 2024. Traders and economists expect the report to hold steady at 3.4% y/y on a headline basis, with the “Core” reading expected to fall to 3.5% y/y. The Federal Reserve’s aspirations …

Asian stock markets displayed a cautious sentiment on Tuesday as investors grappled with renewed political uncertainty in Europe. Gains by right-wing parties in recent elections and the prospect of a snap poll in France have raised concerns about the cohesion of the European Union. Key Market Movements: MSCI Asia-Pacific Index: …

Financial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are requesting higher returns on French bonds than on …

U.S. stock index futures retreated on Monday, June 10th, relinquishing some of the previous week’s strong gains as investors braced for the upcoming Federal Reserve meeting and the release of crucial inflation data. Market Overview Dow Jones Futures: Down 0.2%S&P 500 Futures: Down 2.1%Nasdaq 100 Futures: Down 0.1% The main …

European stock markets took a significant hit on Monday, June 10th, as investors reacted to the results of the European Parliament elections, which saw gains for nationalist and euro-skeptic parties. This surge in the right is expected to lead to a more polarized European Parliament, potentially hindering the passage of …

U.S. stock index futures remained relatively flat on Friday as investors awaited the release of the crucial May nonfarm payrolls report. This data is expected to provide insights into the labor market’s strength and potentially influence the Federal Reserve’s interest rate decisions. While the benchmark S&P 500 and Nasdaq closed …