Tag Archives: FED

While investors’ attention shifts to looming Fed policy decision, the EUR/USD pair is performing sideways over 1.0600. At the time of writing, the price of the pair is 1.0613. The ECB’s 50 bps increase in interest rates has reduced the gap between its own and the Fed’s policy stances. Following …

In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones …

At the time of writing, the price of gold is $1916.63 per ounce, making the future of the metal extremely unpredictable. The future of the precious metal is highly dependent on how fast and whether the market turbulence will abate, as well as whether the Fed will be able to …

Gold prices fell on Wednesday as the dollar and US bond yields rose as investors assessed the path of US interest rates after a consumer price report showed that inflation remains high. Gold fell in the spot market 0.1 percent to $ 1901.24 an ounce by 0052 GMT, after falling …

In a statement published by Reuters late on Tuesday, Federal Reserve Governor Michelle Bowman dispelled rumours that the US banking industry would face difficulties in the wake of the Silicon Valley Bank (SVB) scandal.Fed’s Bowman noted that the banking sector has strong capital and liquidity and that the Fed board …

The GBP/USD pair was lower on Tuesday but hovers around a one-month high on the back of the trading day’s softer US dollar that was dented at the start of the week due to the market turmoil in the banking sector. At the time of writing, the GBP/USD pair is …

Despite trading at 1909.07 at the time of writing, the precious metal jumped to the highest in over a month. Economists see the yellow metal trading above $1,925 in the latter months of this year. Ironically, higher rates now are good for gold later on as they would drive rates …

Wall Street’s main indexes surged on Tuesday as consumer prices in the world’s largest economy grew in line with expectations, supporting betting on the Federal Reserve raising interest rates by a lower amount at its next meeting. The Consumer Price Index (CPI) in the United States increased 0.4% in February, …

The US Bureau of Labor Statistics reported on Tuesday that inflation in the United States, as measured by the Consumer Price Index (CPI), declined to 6% on a yearly basis in February from 6.4% in January. This reading came in line with the market expectation. On a monthly basis, the …

Consumer prices in the United States are expected to rise at a solid pace in February, despite high rental housing costs, but economists are divided on whether the data will be enough to convince the Federal Reserve to raise interest rates again next week, following the failure of two regional …