Tag Archives: FED

Bank of England Deputy Governor for Financial Stability Jon Cunliffe said on Wednesday that sanctions will do severe damage to the Russian economy, but should not pose material risks to financial stability more broadly.Cunliffe said that heightened perceptions of geopolitical risk and its potential impact on growth and inflation can …

EUR/USD is stalling on its advance in later trade on Wall Street as the price moves into what would be expected to act as a resistance area on the hourly chart. At 1.1129, the price is trading near flat on the day after climbing from a low of 1.1057 to …

The 10-year Treasury yield climbed above 1.8% Wednesday as Federal Reserve Chairman Jerome Powell offered an unusual degree of transparency for a Fed Chair, indicating that he endorses a quarter-percentage point increase when the central bank concludes its two-day policy meeting on March 16. Wednesday’s trading brought a respite to …

US Federal Reserve Chair Jerome Powell, testifying before Congress on the first day of his semi-annual speech, said that it is time to move away from highly stimulative monetary policy settings.Monetary policy cannot address supply-side challenges and constraints, Powell added, stressing that “The US economy is very strong, the labor …

Palladium extended its rally for the third consecutive session on Wednesday after sanctions imposed on Russia over its invasion of Ukraine exacerbated supply concerns, while gold fell as US bond yields and the dollar rose. Palladium rose one percent, recording $2,604.61, after rising on Tuesday to its highest level since …

Eastern Europe geopolitical tensions are stilling leading market movements. Safe-haven assets turned higher, as Russia escalated its attacks on Ukraine, while President Putin said that the invasion would continue until he reaches his goal.Usually neutral countries are joining global efforts to stop Russia. Switzerland and Finland, among others, are either …

US equities are sharply lower on Tuesday’s US session as investors express concerns and fret about the global economic impact of the West’s harsh sanctions against Russia.Russians intensified bombardment of Ukrainian cities. Commodity prices, including crude oil, natural gas and wheat, surged on Tuesday, igniting further concerns about longer-lasting inflationary …

Gold rises for the second consecutive day on Tuesday, back above the $1900 mark so far, and it will likely remain higher as geopolitical tensions persist. Ukraine – Russia conflict does not appear to end in the short term, despite Monday’s first round of talks between officials from both countries. …

Atlanta Fed President and FOMC member Raphael Bostic said on Tuesday that the US will be “hard-pressed” to get inflation back below 3.0% for all of 2022, reported Reuters. Bostic added he is still optimistic that Fed actions will produce steady movement of inflation back to the bank’s 2.0% target. …

Palladium jumped on Tuesday on concerns that Western sanctions against Russia over its invasion of Ukraine could damage supplies, as the conflict also sent safe-haven gold prices higher. By 1043 GMT, palladium rose 3.6 percent to $2,577.38. It had reached its highest level since July 2021 at $2,711.18 last week. …