Tag Archives: FED

The Dow fell 121 points, or 0.37%. The S&P 500 lost 0.03% and the Nasdaq Composite advanced 0.17%. Healthcare, real estate and utilities were the worst performers in the S&P 500. Meanwhile, energy was the biggest winner in the broader market index, up 4% on the back of rising oil …

The US dollar index hit a five-week high on Monday after another Federal Reserve official indicated that monetary tightening may remain strong ahead of the central bank’s Jackson Hole seminar this week. The euro fell to its lowest level in five weeks after Russia announced a three-day halt to European …

The US dollar continued to rise on Friday, taking advantage of the negative factors that dominated the markets last week with Federal Reserve officials and their statements to raise interest rates at a faster pace. The euro and the British pound fell to a one-month low against the safe-haven US …

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

Gold is ending the trading week down more than $50 because the US dollar has strengthened to weigh, accordingly, on the precious metal ahead of the Jackson Hole economic symposium and Fed Chair Jerome Powell’s speech before the symposium. Next week’s significant catalyst will be Powell’s speech before the Jackson …

Richmond Fed President Thomas Barkin reiterated on Friday that the Fed will do what it takes to return inflation target but acknowledged that this will not happen immediately. The US Dollar Index edged higher on these comments and was surging 0.45% on a daily basis at 107.97.“We are starting to …

The euro and the pound sterling fell to a one-month low against the US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated the need to raise interest rates. The dollar index rose 0.2 percent to 107.69, after earlier …

The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …

St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …