Tag Archives: FED

Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.

XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …

Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

NZD/USD is ending the North American session down by 0.9% after falling from a high of 0.7132 to a low of 0.7062 on the day.A stronger than expected Consumer Price Index data overnight saw the USD rally against all G10 currencies.Markets have responded in kind following Fed’s statements last week …

If inflation doesn’t diminish, Fed may need to taper at a more considerable rate and hike interest rates, which could hurt stock and bond markets.Against Japan’s yen the U. S. dollar was last up 0.85% to 113.86 yen after touching Wednesday’s session high of 113.940. On Tuesday the dollar had …

The dollar index jumped sharply on Wednesday, with the euro hitting a 16-month low against the U. S. currency, after U.S. consumer prices surged to their highest rate since 1990, fueling speculation that Fed may raise interest rates sooner than expected.The consumer price index rose 0.9% last month after gaining …

On Wednesday, yield on Treasury notes, which often rises when investors anticipate tighter central bank policies, rose back toward highs for 2021, near 0.5%, compared with 0.409% at Tuesday’s close. The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary …