Market Update

Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Monetary Policy Report, this time before the House Financial Services Committee.Key Highlights:“No changes to my commitment; I will not resign if asked by Trump.” ” The Fed’s previous policy framework did not limit our response …

US consumer price index (CPI) readings for January showed a higher-than-expected increase, driven by rising housing, food, and energy prices, as well as a sharp rise in used car prices.The monthly reading of the US CPI rose by 0.5% in January, compared to the 0.4% recorded in the previous month, …

Oil prices fell on Wednesday, ending a three-day winning streak, as data showed a sharp rise in U.S. crude inventories and Federal Reserve Chair Jerome Powell indicated that interest rate cuts would not come quickly this year. As of 12:30 GMT, Brent crude declined by 77 cents, or 1%, to …

U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflation report that could influence the Federal Reserve’s monetary policy outlook. At 05:50 ET (10:50 GMT): Dow Jones Futures fell 75 points (-0.2%) S&P 500 Futures declined 8 points (-0.1%) Nasdaq 100 Futures slipped 9 points …

European stock markets edged higher on Wednesday, as investors awaited the latest U.S. inflation report, which could provide insight into the Federal Reserve’s monetary policy outlook. At 03:05 ET (08:05 GMT): Germany’s DAX rose 0.2% France’s CAC 40 climbed 0.4% UK’s FTSE 100 gained 0.1% U.S. Inflation Report in Focus …

The U.S. dollar retreated slightly on Wednesday as traders awaited key U.S. inflation data and updates on global trade developments. However, hawkish comments from Federal Reserve Chair Jerome Powell supported the greenback against the yen by driving up U.S. Treasury yields. Dollar Strengthens Against Yen but Pulls Back Elsewhere In …

Gold prices pulled back from record highs in Asian trading on Wednesday, pressured by rising Treasury yields after Federal Reserve Chair Jerome Powell indicated no urgency in cutting interest rates. Investors also leaned toward the U.S. dollar ahead of key consumer price index (CPI) inflation data, which could influence the …

The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields and Powell’s cautious message. The key event today is the inflation rate release, followed by another Powell testimony, MBA Mortgage Applications data, and the EIA’s weekly US crude oil inventory report. Speeches from …

The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesday, hovering above the 108.00 mark without clear direction. Federal Reserve Chair Jerome Powell’s recent testimony signaled no urgency to adjust monetary policy, leading to a cautious market stance. The CME FedWatch Tool indicates …

US stock markets have recently experienced a period of mixed performance, influenced by new tariffs on steel and aluminum imports, fluctuating Treasury yields, and Federal Reserve policy. While these factors create market uncertainty, a focus on underlying economic indicators and individual company performance remains crucial for investors. Federal Reserve Policy …