Tag Archives: FED

Federal Reserve Bank of San Francisco President Mary Daly on Monday noted that if the Federal Funds rate was to reach 1.25% by the end of the year, that would be quite a bit of tightening but still supportive of the economy. Seemingly, Daly is talking about the possibility of …

Swiss National Bank Chairman Thomas Jordan told Swiss broadcaster SRF on Monday that we have to take inflation developments seriously, and that while some of this inflation is certainly temporary, all central banks have to be careful it doesn’t become permanent. Jordan reiterated that inflation is expected to come down …

The NZD/USD pair is enjoying a modest rebound from the 14-month lows it struck last Friday amid improved risk appetite. Traders will have plenty of US data, Fed speakers’ statements and remarks, in addition to Q4 NZ jobs data to monitor this week.A more risk-on mood in global equity and …

The US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 leapt to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record …

A report released by the Commerce Department on Friday showed personal income in the US increased by less than expected in the month of December.The Commerce Department said personal income rose by 0.3 percent in December after climbing by an upwardly revised 0.5 percent in November.Economists had expected personal income …

Market observers believe the FOMC will announce the commencement of balance sheet reduction at the July 27 meeting. They look for the Federal Reserve to hike the Fed Funds rate by 125 bps in 2022.It is likely that the Committee will hike rates by 25 bps at the March 16, …

Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he expects the Fed to raise rates at the March meeting.With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address imbalances between …

Gold was lower in midday markets on Wall Street, losing some 1.4% at $1,795. The price of gold fell from a high of $1,822.18 and had reached a low of $1,791.86. Equity markets initially bounced in the aftermath of the FOMC driven sell-off yesterday. However, they started to slide again …

The USD dollar marches firmly in the North American session, with the DXY surging 1.34%, above 97.00. The US dollar gains come on the back of the US central bank’s looming hike of interest rates, most probably in the March meeting.The USD/JPY pair is upward biased, though a break above …

The US gross domestic product growth has bounced back from 2020′s coronavirus recession, expanding at the fastest pace since 1984. The US economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The increase in GDP, a measure of …