Tag Archives: FED

The US economy is expanding rapidly, yet inflation is still there. In the meantime, the Federal Reserve conveys, via Chair Jerome Powell, conflicting messages: while the US central bank supports market-led tightening through higher rates, it is not a big fan of immediate rate cuts. Economic DataOn the data front; …

The Federal Reserve Chair Jerome Powell stated on Tuesday that the US central bank is unlikely to lower interest rates at its next policy meeting, which is just two weeks away, due to the US economy’s continued strength and a “lack of progress” on inflation. Powell stated during a moderated …

The dollar surged to a five-month peak against major currencies on Tuesday, driven by stronger-than-anticipated U.S. retail sales figures, igniting concerns over potential intervention from Tokyo as the yen dwindled to its lowest level since 1990. Despite China’s first-quarter GDP data surpassing expectations, the Chinese yuan slightly declined, reflecting ongoing …

Amidst rising Treasury yields, the US dollar’s upward momentum persisted, pushing it to new annual highs around 106.20. This week seems to be dominated by escalating geopolitical concerns, especially in the Middle East. Indicated by the USD Index (DXY), the US dollar held its bullish tilt and surged to new …

The US Dollar Index (DXY), which peaked last week at 106.10, surged 0.16% to currently trade a little above at 106.182 at the time of writing. The Fed’s hawkish language is still supported by strong economic data, and rising US Treasury yields help the greenback. The US Dollar tends to …

Gold price retreats from the daily highs near $2,371 as investors do not see Middle East tensions escalating further. US bond yields soar as the Fed seems to initiate the rate cut cycle from September. The US Dollar has gathered some strength on the strong US Retail Sales data, while …

Gold prices climbed on Monday, lingering just below the previous session’s record high, driven by escalating tensions in the Middle East that bolstered demand for the precious metal as a safe haven. As of 0056 GMT, spot gold rose by 0.3 percent to $2,350.59 per ounce, following its historic peak …

US Inflation Surges: CPI Hits 3.5% in March In the latest update from the US Bureau of Labor Statistics (BLS), inflation in the US, as gauged by the Consumer Price Index (CPI), demonstrated a notable uptick. March saw a year-on-year increase to 3.5%, up from February’s 3.2%, surpassing market forecasts …

The US dollar has surged to its highest level since early November due to a heated atmosphere for inflation data and rising US rates. This year, the Fed has indicated fewer opportunities for rate reduction, and hawkish wagers have increased, which is another factor supporting the currency. US Treasury yields …

WTI crude recovered above $86 earlier on Friday after fluctuating around that mark all week. Even though the EIA predicts a poor forecast for oil demand, oil prices have increased by almost 1%. The US Dollar Index rose 0.72% to 106.015, marking a new five-month high. WTI finished at $94.975 …