Tag Archives: FED

The Dow was flat on Monday as investors remained cautious ahead of this week’s Federal Reserve meeting and a critical inflation data that could provide insight into the central bank’s policy-easing path. In contrast, the S&P 500 and the Nasdaq saw increases.The Nasdaq traded little higher as gains in firms …

On Monday, the Canadian dollar was largely unchanged vs the US dollar. This week, Canada is largely absent from the economic calendar. BoC Macklem’s speech is expected during the midweek trading session. As we begin a new trading week, the Canadian dollar is staying steady vs the US dollar because …

The financial markets displayed a mixed performance this past week, as investors navigated a confluence of economic data, central bank policy updates, and ongoing geopolitical tensions. While some sectors thrived, others took a backseat, reflecting the underlying uncertainty about the future trajectory of the global economy. Equity Markets Take a …

The eagerly awaited Employment Change Report for May, scheduled for release on Friday, June 7th, 2024 at 8:30 AM ET, is poised to provide crucial insights into the status of the US labour market. As economic indicators hint at a potential slowdown, investors are closely monitoring the data for signals …

WTI crude oil has rebounded to $75.75 per barrel in thin market trading. Energy traders are cautiously optimistic, focusing on expectations of a Federal Reserve rate cut in Q3 while grappling with oversupply risks.The American Petroleum Institute (API) and the Energy Information Administration (EIA) have reported a significant increase in …

U.S. private payrolls grew at a slower pace than expected in May, signaling a potential cooling in the labor market. According to ADP, companies added 152,000 workers during the month, falling short of economists’ forecasts of 173,000 and lower than the downwardly revised figure of 188,000 for April. This report …

As a result of recent weaker than expected US data, particularly from last week and the first two days of the current new trading week, worries and concerns have surfaced regarding the likelihood that the US economy could slide into a deep slowdown in the near future. Investors first thought …

Gold prices retreated in Asian trading on Monday, despite a weaker dollar and increased expectations of rate cuts. A surge in risk-driven assets, fueled by optimism over cooling U.S. inflation and potential easing of geopolitical tensions in the Middle East, overshadowed the allure of the yellow metal. Spot gold declined …

Interviewed by Bloomberg TV, White House Advisor Jared Bernstein commented on the US economic scene post the key inflation released on Friday. Asked whether Americans are back to soft landing talk? Bernstein said that the consensus among many was that the kind of stall and disinflation in Q1 of this …

Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …