Tag Archives: FED

Oil prices rose slightly on Wednesday, amid an unexpected increase in US crude and fuel inventories, global economic uncertainty and China’s reopening of its economy. Brent crude futures rose 53 cents, or 0.7 percent, to $80.63 a barrel by 0921 GMT. US West Texas Intermediate crude futures rose 41 cents, …

Oil prices fell on Wednesday, giving up gains from the previous session, after sector data revealed an unexpected increase in US crude and fuel inventories, which raised concerns about fuel demand. West Texas Intermediate crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel by 0134 GMT, while …

WTI crude oil rose for a fourth-straight session, on Tuesday. WTI price is boosted by optimism due to the reopening of China’s borders. The Federal Reserve is expected to finetune the pace of future rate hiking in the light of Thursday’s reading of Consumer Price Index, in focus. The US …

Fed’s Michelle Bowman said on Tuesday the US central bank will have to raise interest rate further to combat high inflation. These remarks come a slew of hawkish remarks from other Fed speakers this week. “Inflation is much too high,” she added.She also noted that “while the effects of monetary …

The USD/CHF pair has attracted more demand after a marginal correction closer to the 0.9200 mark amid positive risk appetite that is obviously cautious and keeping an eye on the performance of rising US Treasury yields.Fed Bostic, on Monday, said that no recession in CY2023 but has trimmed his GDP …

Bitcoin has been stuck between $16k and $18.5k for 2 months, and currently, it has taken off above the $17,000 mark but doubts do exist among traders ahead of the key CPI data for December in the United States on Thursday, meanwhile, comments and remarks by Fed officials are closely …

US equities had a surprise reason for celebrating with the first day of the second trading week in the new year. So far, in 2023, Wall Street has swung from sadness to joy.US Stocks are enjoying a robust year beginning after 2022’s disappointing performance. Even though the Dow fell more …

Atlanta Fed President Raphael Bostic said the central bank should raise interest rates above 5% by early in the second quarter and then go on hold for “a long time.”Bostic said on Monday that it is ”fair to say that the Fed is willing to overshoot”, mentioning the likelihood that …

The AUD/USD pair is surging due to traders’ speculations that the US Fed would shift dovish. The US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD.The AUD/USD pair sharply soars above the 0.6900 figure on speculations that the Fed would change …

Wall Street’s major indices closed higher on Friday, supported by reports that although jobs increased in the United States more than expected, wage increases slowed and services activity contracted, easing concerns about the path of interest rate hikes by the Federal Reserve. The data published by Automatic Data Processing (ADP) …