Tag Archives: FED

Brian Moynihan, the CEO of Bank of America, requested the Federal Reserve to lower interest rates in order to relieve pressure on American customers during a week marked by significant volatility in the U.S. economy and market worries. “They’ve got to be more careful than the downside of not starting …

The Pound Sterling moves higher against the US Dollar on improved market sentiment. BoE’s Mann warns about upside risks to price pressures.In September, the Fed is anticipated to lower interest rates by 25 basis points. During Monday’s North American session, the Pound Sterling (GBP) advances versus its major rivals, with …

For investors who anticipated a smooth 2024, last week painted a different picture of the market. The week started with a sharp drop in the Dow Jones on Monday, sparking a wave of negative headlines predicting further losses. The following days were marked by wild swings, including some sharp gains. …

Gold prices edged lower on Monday but remained close to record highs as increased safe haven demand continued to support the yellow metal amid growing concerns over a slowing global economy. Market Performance Spot Gold: Dropped 0.8% to $2,424.01 an ounce by 06:00 ET (10:00 GMT).Gold Futures (December): Fell 0.2% …

A shocking jobs report sent shockwaves across financial assets on Friday, triggering concerns about an undesired looming recession and prompting a steep decline in both traditional and crypto assets. The US Bureau of Labour Statistics reported a worrisome increase in unemployment, along with a three-year high for temporary layoffs and …

The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, emphasized that the Fed should avoid reacting hastily to isolated data points. Despite US Nonfarm Payrolls falling below expectations, Goolsbee acknowledged significant progress in both inflation and jobs data over recent months.Key Quotes: The labour market is showing signs of …

Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …

The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …

The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …