Tag Archives: FED

US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …

On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in …

Gold extended gains on Thursday as risk sentiment continues to crash over the military crisis in Ukraine, with the US and allies entering discussions on further energy sanctions against Russia. Gold rose 0.9% to $1,963.48 per ounce; near its highest in two weeks. US gold futures jumped 1.3% to $1,963.50 …

US jobless claims set a more than 50-year low last week as the red-hot labour market shows few signs of cooling in the near-term. The Labour Department released its latest weekly jobless claims report Thursday. Jobless claims fell by 28,000. Initial jobless claims, week ended March 19: 187,000 versus. 210,000 …

Chicago Fed President Charles Evans said on Thursday that the Fed can begin its balance sheet reduction and raise interest rates in the same meeting, reported Reuters.The risk of slowing the economy into recession isn’t high, Evans said. The Fed won’t need asset sales until it is well into its …

Is US Economy Entering A New Normal? Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot. The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent months waiting for conditions to return …

A sharp selloff in US Treasuries eased on Wednesday as the market tries to come to grips with how the Federal Reserve might address rising inflation without hiking interest rates at such a clip it spins the economy into recession.Yields were lower across the curve, from two-year notes out to …

St. Louis Federal Reserve President James Bullard, who on Friday called for a dramatic increase in the Fed’s overnight lending rate to more than 3% this year, is crossing the wires with the following comments dripping through:Key Qoutes: Russia’s war will mean less globalization, more fragmentation around the worldDirect macroeconomic …

Federal Reserve Bank of Cleveland President Loretta Mester says she supports front-loading interest-rate increases this year, likely including some half percentage-point hikes, to curb the hottest inflation in four decades.“I think we’re going to need to do some 50 basis-point moves,” Mester said on a call with reporters Wednesday. “I …

The Canadian dollar remains firm versus the American counterpart, with the USD/CAD down 0.37% in the week.Russia/Ukraine woes and US central bank hawkishness could not stop CAD bulls from extending USD/CAD losses. USD/CAD drop extends to seven straight days amid a risk-off market mood in the equity markets, which has …