As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …
Read More »Will BoE Cut Interest Rate In August?
It is like a coin toss when the Bank of England decides on interest rates next week. The market is not as sure as most analysts that a rate cut will occur next week. There is disagreement among the members of the central bank’s policymaking committee; some support lowering interest …
Read More »Will PCE Be A Green Light for Rate Cut In September?
The economic landscape is shifting as evidence of cooling inflation becomes increasingly apparent. The June Personal Consumption Expenditures (PCE) Price Index report, a key metric closely watched by the Federal Reserve, is anticipated to reflect continued moderation in price growth. This positive trend, driven by factors such as declining gas …
Read More »DXY Losses Curbed Following Encouraging GDP Figures
US Dollar DXY reduced losses on strong Q2 GDP data. The US economy seems to be holding up, but dovish bets on the Fed are still in place. The Fed continues to take a data-dependent approach in the interim and holds off on making any cuts very soon. Following a …
Read More »DXY retreats following the PMIs
The US Dollar Index (DXY) fell towards 104.13, earlier during the North American session, immediately after the mixed PMI reading from Standard & Poor’s and the Federal Reserve’s dovish policy bets added to the US currency’s decline.It is expected that the reading of the personal consumption expenditures index, Durable Goods …
Read More »Can Fed, ECB Fully Adjust Their Monetary Strategies?
The Federal Reserve introduced flexible average inflation targeting (FAIT) in 2019-20 to improve performance in a low interest rate world. The Fed believed it had a problem with low inflation, as its preferred measure of inflation had averaged just over 1.5% between 2010 and 2019. The review committing the central …
Read More »USD/CHF starts new trading week with mild gains
On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …
Read More »Will Retreating US Inflation Assist Fed’s Reassurance?
The most recent indications of declining inflation and slowing economic activity are likely to have an impact on the Federal Reserve’s decision to lower interest rates. Food and energy-related prices in the personal consumption expenditures price index are predicted to increase by 0.1% in June for the second time in …
Read More »Global Computer Systems Meltdown: CrowdStrike Software Update Triggers Widespread Chaos
A seemingly routine software update from cybersecurity firm CrowdStrike unleashed a wave of chaos on Friday, causing widespread disruptions to critical computer systems worldwide. The malfunctioning update impacted a multitude of industries and services, from grounding flights and silencing broadcasters to disrupting banking and healthcare operations. The culprit behind the …
Read More »July’s FOMC Meeting: Holding Steady or Rate Cut?
The July meeting is likely to see continued stable rates. However, a future rate cut depends on inflation and the overall health of the economy. The Fed will be monitoring data closely and adjusting policy as needed. The Federal Reserve’s next policy meeting is coming up on July 30-31, 2024. …
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