Market Update

Cryptocurrencies and stocks both pushed lower following Fed Chair Jerome Powell’s speech today. Both cryptocurrencies and major stock indexes lost value this morning, as global market participants responded to the hawkish language that Federal Reserve Chair Jerome Powell used in his keynote speech at the Jackson Hole Economic Symposium.The price …

Europe’s unified approach to energy dates back to a long time before the Russian invasion of Ukraine, nevertheless the impacted countries that are directly or indirectly under energy shortages could be obliged to watch gas flow past. German cities are a little different this summer. Visitors to the local swimming …

The US Dollar Index has surged and managed to regain the uptrend after Fed Chairman Jerome Powell’s speech before Fed’s annual Jackson Hole Symposium, Friday morning, as the US central bank chair stressed that the monetary policymakers do not have the luxury to stop raising interest rates in the coming …

Stocks sharply sold off, on Friday, after Fed Chair Jerome Powell said in his Jackson Hole speech the central bank “won’t back off in its fight against rapid inflation”.The Dow Jones Industrial Average dropped 611 points, or 1.85%, after initially seesawing during the Fed chair’s comments. The S&P 500 fell …

Cleveland Federal Reserve President Loretta Mester said on Friday that the July inflation report was welcome news but added that she needed to see more convincing data to conclude inflation was coming down, as reported by Reuters.The US Dollar Index showed no immediate reaction to these comments and was last …

The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.Bitcoin dropped almost 5% in value within no more than two hours following Fed Chair Jerome Powell’s long-awaited keynote address at the Fed’s Jackson Hole, Wyoming, economic conference on Friday.US …

The University of Michigan Surveys of Consumers Sentiment was revised upwards in August, with the final print arriving at 58.2 vs. the preliminary reading of 55.1 and 55.2 expected.The US dollar index is rebounding firmly above 108.00, as investors assess the upward revision to the consumer sentiment data and Powell’s …

Volatility has soared after key US inflation data and following Jerome Powell’s Jackson Hole speech. Fed Chair keeps hawkish tone and stance, reiterating that high interest rates will persist for some time in the battle against hot inflation.At the time of writing, gold even trades between $1739.90 and $1741.10. Gold …

Stocks fell after Federal Reserve Chair Jerome Powell said Fed will continue to raise rates to fight inflation in his Jackson Hole speech while The Fed’s favourite inflation measure shows prices have eased in July. The Dow Jones Industrial Average dropped 302 points, or 0.91%. The S&P 500 fell 1.11% …

As measured by the Personal Consumption Expenditures (PCE) Price Index, Inflation in the US declined to 6.3% in July from 6.8% in June, the US Bureau of Economic Analysis reported on Friday. This reading came in much lower than the market expectation of 7.4%. The Core PCE Price Index, which …