The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …
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The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …
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The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …
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Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …
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European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …
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Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …
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According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …
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“The projected cash rate peak is not set in stone,” Reserve Bank of New Zealand (RBNZ) Assistant Governor, Karen Silk expressed her view Friday.The news allows NZD/USD to remain firmer even as the geopolitical fears join broad US Dollar strength to challenge the bulls. The reason could also be linked …
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The US Dollar has benefited from Thursday’s hawkish data. The USD/JPY pair’s price is capped by the 135s so far and a move below 134.50 will be key for the week ahead. The USD/JPY pair is trading at 134.72 at the time of writing in the afternoon on Wall Street …
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Risk aversion continued supporting the US dollar on Thursday, reaching fresh February highs against most major rival currencies. The dollar advanced during Asian trading hours on the back of hawkish FOMC Meeting Minutes, finding sufficient momentum during the US session following mixed US data.Economic Data The annualized pace of growth …
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