Market Update

New data from S&P Global’s Purchasing Managers’ Index (PMI) suggests that U.S. business activity saw a surprising acceleration in August, adding to signs of a strong third quarter. The Composite PMI, which combines manufacturing and services, rose to 55.4, up from 55.1 in July. Since any reading above 50 indicates …

Forex markets are abuzz as a wave of key economic indicators, particularly the highly anticipated Purchasing Managers’ Index (PMI) data, prepares to hit the wires. This global pulse check will offer fresh insights into the health of various economies, potentially shaking up currency valuations and setting the tone for the …

The Dow Jones Industrial Average (DJIA) is struggling to find a clear direction, hovering around the 45,000 mark. The major index faced downward pressure as investors began to take profits from tech stocks, which have seen a significant run-up. While the Dow managed to recover some of its losses, market …

In a revealing snapshot of internal deliberations, the latest Federal Open Market Committee minutes indicate that nearly all participants at the late July meeting endorsed maintaining the benchmark interest rate within the 4.25% to 4.50% range, viewing it as a prudent stance given ongoing economic uncertainties. This consensus underscores a …

Gold prices are mounting a strong recovery, climbing back above $3,345 during Wednesday’s U.S. trading session after hitting a three-week low of $3,311 earlier in Asian markets. This rebound is fueled by a retreating U.S. Dollar and declining Treasury yields, even as investors adopt a wait-and-see approach ahead of the …

Investors are eagerly awaiting the release of the Federal Reserve’s July 29-30 monetary policy meeting minutes, set to be published on Wednesday at 18:00 GMT. The document is expected to shed light on the internal discussions that led to the decision to hold interest rates steady in the 4.25%-4.5% range, …

The British pound took a hit against the US dollar on Wednesday, as escalating political turmoil at the Federal Reserve overshadowed robust inflation data from the UK. Traders, prioritizing caution amid the uncertainty, drove GBP/USD lower during the North American trading session, with the pair settling at 1.3469—a decline of …

In a fresh assessment of the U.S. economic landscape, the Federal National Mortgage Association (Fannie Mae) has adjusted its outlook for mortgage rates, signaling a slightly higher borrowing environment through 2025 before a modest decline in 2026. The government-sponsored enterprise now anticipates the average 30-year fixed mortgage rate to close …

Bitcoin’s recent price action has been a test of patience, as the asset appears stuck in a tight trading range. This period of consolidation, however, is not deterring a new wave of corporate adopters who are placing significant bets on the long-term value of the cryptocurrency. This divergence between a …

Experts who have watched economic policies unfold over decades, find the latest affirmation from S&P Global Ratings both vindicating and thought-provoking. In a bold move that defies conventional wisdom, President Donald Trump’s tariffs are proving to be more than just trade bluster—they’re a strategic revenue engine helping stabilize America’s finances. …