Tag Archives: FED

Gold price is expected to finish the week with around 1.60% loss, below the $1850 level. Gold spot price tumbled for the third day, down almost 0.65% after US economic data throughout the week, turning market sentiment sour on speculations that further Fed tightening is looming. At the time of …

China’s Lenovo Group reported a 24 percent decline in revenue in the third quarter, the largest in 14 years, as global demand for electronics shrank and the company said it would cut spending and reshuffle the workforce. The company, the world’s largest maker of personal computers, reported on Friday that …

Wall Street fell on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the Federal Reserve will keep raising interest rates to tame high prices. Decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The …

The actual figure for US retail expenditure in January much above even the most optimistic projection, contrary to what economists had anticipated. Yet, for the time being, the Federal Reserve’s vigorous campaign to manage inflation by lowering economic activity is failing.  Retail sales spiked 3.0% last month after reports that …

The dollar benefited from renewed concerns about the continued US Federal Reserve’s monetary tightening spurring risk aversion. As American inflation eased just modestly in January, hopes for a Fed’s pivot faded. The United States published Retail Sales on Wednesday, which surged by 3% MoM in January, much better than anticipated. …

Crude oil prices fell on Wednesday after the U.S. Energy Information Administration reported an inventory build of 16.3 million barrels for the week to February 10.This compared with a build of 2.4 million barrels for the previous week, extending a string of weekly builds, some of them quite sizeable, which …

Fed Vice Chair Lael Brainard’s departure to the White House stimulated speculation over who will replace her as all policymakers weigh how much further to raise interest rates.Fed watchers wasted no time in coming up with some names of their own after Brainard’s name surfaced last month as a major …

China said today that US high altitude balloons flew over its Xinjiang and Tibet regions, and it will take measures against US entities that undermine Chinese sovereignty as a diplomatic dispute festered. China said earlier this week that US balloons had flown over its airspace without permission more than 10 …

Gold prices fell on Wednesday with the rise of the dollar after data showed that inflation rose in the United States last month at the slowest pace since late 2021, which increased investor concerns about the Federal Reserve (US Central Bank) continuing to tighten monetary policy. Spot gold prices fell …

Almost all financial markets traded with an optimistic yet cautious mode throughout the first half of the day, as investors awaited the release of US inflation figures. Economic DataThe United States Consumer Price Index rose at an annualized pace of 6.4% in January, better than the previous 6.5% but missing …