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Market Analysis

July, 2022

  • 28 July 2022 12:01 am

    Powell: Households are in very strong shape

    FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“We understand goal of soft landing is very challenging, has become more so in recent months”.“I am gratified that markets have …

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  • 27 July 2022 11:26 pm

    Powell: US balance sheet reduction to gain momentum

    FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“No one can be sure on whether we can achieve a soft landing”.“Balance sheet reduction is working fine, markets have accepted …

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  • 27 July 2022 11:17 pm

    What Does Fed’s latest interest rate hike mean for US economy?

    The latest 75-basis point rate hike from the Fed, decided on Wednesday, July 27, 2022, will make business debt of higher cost as the monthly payment on loans will be a bigger, if manageable, drain on cash flow.But higher debt interest payments are less significant for business owners than what …

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  • 27 July 2022 11:05 pm

    Powell: We want to get to 3% to 3.5% by end-2022

    FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“Our thinking is that we want to get to a moderately restrictive level by end of this year.”“That means 3% to …

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  • 27 July 2022 10:28 pm

    Federal Reserve issues FOMC statement

    FOMC minutes

    The Federal Reserve System published a press release on the official website including the FOMC Meeting statement. The statement reads as follows: “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting …

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  • 27 July 2022 10:02 pm

    Breaking: Fed hikes policy rate by 75 bps as expected

    The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.In its policy statement, the Fed noted that it anticipates that ongoing increases in the policy rate …

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  • 27 July 2022 9:24 pm

    What To Expect About Meta’s Earnings

    Facebook owner Meta Platforms is to report quarterly results that provides a clearer idea about advertising spending, the core source of revenue for all social media companies. The Meta earnings report will be released later on Wednesday.The lack of clarity on ad spending is a reason why Meta stock and …

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  • 27 July 2022 8:55 pm

    Will Fed’s George oppose big hike at FOMC meeting?

    The rate rise the Federal Reserve is almost certain to deliver Wednesday will likely draw a formal objection by a veteran policy maker though she was once the US central bank’s most steadfast hawk.Fed’s Esther George looks will likely vote against the 0.75 percentage point rate rise her colleagues on …

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  • 27 July 2022 8:28 pm

    Atlanta Fed GDPNow for Q2 rises to -1.2%

    According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to contract by 1.2% in the second quarter, up from the July 19 forecast of -1.6%. The US Dollar Index stays flat on the day near 107.20 after this report.After recent releases from the US …

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  • 27 July 2022 7:31 pm

    Awaited Fed’s decision between inflation and recession fears

    Most economists expect the Fed to hike rates by 75 bps once again. Fed Chair Jerome Powell’s message on accepting pain to pin down inflation is expected to give a push to the US dollar. The American central bank is set to hike interest rates by 75 basis points for …

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  • 27 July 2022 7:01 pm

    US Pending Home Sales decline in June

    Pending Home Sales in the US sharply fell in June. The monthly data published by the National Association of Realtors showed on Wednesday that Pending Home Sales declined by 8.6% on a monthly basis in June following May’s growth of 0.4%. This reading came in much worse than the market …

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  • 27 July 2022 6:18 pm

    US: Durable Goods Orders rise by 0.7% in June

    Durable Goods Orders in the US increased by 1.9%, or by $5 billion, on a monthly basis in June to $272.6 billion, the monthly data published by the US Census Bureau revealed on Wednesday. This reading came in much better than the market expectation for a decrease of 0.4%.

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  • 27 July 2022 4:53 pm

    USD is heading for a decline with the anticipation of raising interest rates

    The dollar moved further away from its highest level in 20 years on Wednesday before the Federal Reserve meeting. The US central bank is expected to raise interest rates by another 75 basis points to rein in spiralling inflation. However, trading in the currency markets was limited as traders awaited …

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