Tag Archives: FED

Kristalina Georgieva, Managing Director of the International Monetary Fund, has crossed the wires with the following comments:US economy has proven resilient in face of significan fiscal and monetary tightening -article iv review statement.Expects US growth to be around 1.2% in 2023, picking up momentum later in 2024.US unemployment to rise …

The gold market suffered another week of losses, falling for the third week as markets shifted expectations from a rate pause to a rate hike at the Fed’s policy meeting in June. The sentiment on Wall Street is now split on whether gold is done falling. Upbeat macro data and …

The change in the Personal Consumption Expenditures (PCE) Price Index in the United States increased to 4.4% on an annual basis in April, up from 4.2% in March, according to the US Bureau of Economic Analysis on Friday. This number was higher than the market’s forecast of 3.9%. The annual …

The dollar fell on Friday, but remained close to the highest level in two months against major currencies, amid expectations that US interest rates will remain high for a longer period. Tension still hangs over the market due to the US debt ceiling negotiations between President Joe Biden and Republican …

US data pointed to a resilient economy while progress on US debt ceiling talks remained elusive, helping Treasury yields higher and the US Dollar to score its highest level in over two months. Traders were wary of a possible default in early June while US President Joe Biden and top …

Gold prices moved in a narrow range on Thursday as investors await further developments in the US debt ceiling negotiations, while the dollar’s rise kept prices in check. And by 0300 GMT, gold settled in immediate transactions at $ 1957.49 an ounce. And US gold futures fell 0.3 percent to …

Gold price is mixed around the FOMC minutes that showed that Fed policymakers are divided on backing further rate hikes, however FOMC members still agreed that inflation risks are still unacceptably high, but the extent of further hikes is now made less certain. Gold price has ranged between a low …

After Treasury Secretary Janet Yellen reiterated that if an agreement to raise the US debt ceiling is not reached, the United States will go into default on its debt and could not pay for federal bills in early June, US equities fell even lower on Wednesday. 231 points, or 0.7%, …

Ahead of FOMC minutes, Fed’s Christopher Waller stated, on Wednesday, that while the US central bank may decide not to raise interest rates at its meeting next month, he is concerned about the lack of progress on inflation and believes that the rate-hiking campaign would likely continue. Waller made the …

The dollar hovered near a two-month high on Wednesday as investors flocked to the safe-haven currency as debt ceiling talks in the United States continued to stall. And US Treasury Secretary Janet Yellen warns that the federal government may not have enough money to pay all its obligations by June …