Tag Archives: FED

The US dollar is battling to end its losing run as European trade begins, with the US Dollar Index consolidating around 100.00. According to the University of Michigan’s consumer sentiment data, the dollar’s worth has increased dramatically as a result of the university’s positive consumer sentiment figures. Thanks to the …

Gold prices were on course on Friday for their biggest weekly gain since April, after rising near a one-month high as market expectations of a US interest rate hike waned, sending the dollar down to its lowest in more than a year. And by 0504 GMT, gold in spot transactions …

According to prepared remarks for delivery at a conference sponsored by The Money Marketeers of New York University, Federal Reserve Governor Christopher Waller has expressed his support for hiking rates at the July FOMC meeting. The decision-maker also demonstrated his reluctance to declare US inflation under control and supported further …

Stocks surged as another significant inflation reading came in lower than anticipated. The Dow Jones Industrial Average gained 47.71 points, or 0.14%, to close at 34,395.14, while the S&P 500 rose 0.85% to reach 4,510.04, marking the S&P 500’s highest closing level in more than a year. The Nasdaq Composite …

The GBP/USD pair has rallied after the US Producer Price Index (PPI) for June surged below estimates, indicating a steady deceleration of inflation in the largest world economy. The pair is trading at 1.3133 at the time of writing. The UK is seen as hardly missing a recession, but fears …

Gold maintains choppy performance despite US dollar’s losses Given that the market’s expectations for future US interest rate increases have been greatly reduced, the recent decline in gold prices is likely to have come to an end. Even so, we anticipate some additional upside potential for the year’s conclusion. Because …

The US federal budget deficit sharply widened to $227.76 billion in June, up from $88.8 billion in the same month last year. The deficit was $1.39 trillion for the first nine months of the fiscal year, up from $515.1 billion in the same period last year. Government receipts fell from …

In an interview with CNBC on Thursday, San Francisco Federal Reserve President Mary Daly said it was too early to declare victory on inflation, as reported by Reuters.Daly’s comments were not capable of helping the US Dollar find demand. As of writing, the US Dollar Index was down 0.55% on …

Gold prices rose on Thursday to their highest level in nearly a month, supported by the decline in the dollar after US inflation data, which raised hopes that the Federal Reserve would soon stop tightening its monetary policy. Spot gold rose 0.2 percent to $1,959.94 an ounce by 0918 GMT, …

The USD/CHF pair has retreated to an 8-year low due to weak US CPI data, which indicates a more balanced supply-demand situation. The Consumer Price Index shows inflation cooling, with core CPI indicating a more balanced supply-demand situation. With inflation above the Fed’s 2% target, odds for a significant rate …