Tag Archives: FED

Markets are closed on Monday for the Presidents’ Day holiday. Stocks have nearly recovered after last week’s inflation report, with the S&P 500 closing down 0.4% but cracking a new record-high on Thursday. The Dow Jones Industrial Average slipped 0.1% for the week and the Nasdaq Composite fell 1.3%. The …

On Monday, Japan’s Nikkei average edged lower but maintained proximity to record highs, influenced by declines in chip-related stocks following losses in their US counterparts on Friday. The Nikkei index slipped by 0.04 percent, concluding the day at 38,470.38 points, after reaching 38,865.06 points on Friday. Notably, it remained a …

In the wake of last week’s economic data revealing ongoing challenges in US inflation, the dollar steadied on Monday, reflecting cautious sentiment regarding the Federal Reserve’s potential monetary easing strategies. Despite market uncertainties, the yen remained weak, hovering in proximity to the significant threshold of 150 against the dollar. US …

On Monday, gold prices rallied, edging closer to the highest levels seen in a week, buoyed by a slight retreat in the US dollar and escalating tensions in the Middle East, fostering demand for safe-haven assets. As of 0335 GMT, spot gold surged by 0.4 percent to $2,021.09 per ounce, …

The USD/JPY pair has risen to 150.16, driven by US inflation figures and a positive consumer outlook. Federal Reserve officials Bostic and Daly have expressed caution about rate cuts and urged patience before the Fed begins its easing cycle. The Producer Price Index report shows inflation in the US is …

Gold touched $2015 per ounce earlier on Friday, supported by the softer US dollar and rising US Treasury yields in the face of ongoing inflationary signals. The price of an ounce of the precious metal is $2012.51 at the time of writing.US PPI and Core PPI beat estimates, suggesting persistent …

Amid evident US data volatility, the GBP/USD pair is rising on the strength of strong UK retail sales data that is above expectations. The US PPI increased more than predicted, pointing to continuous inflation; the UK’s sales boom indicates consumer optimism.A cautious stance on inflation by the Fed weakens the …

Federal Reserve Bank of Atlanta President Raphael Bostic told CNBC on Friday that his outlook is for a reduction in policy rate in the summer time, per Reuters.The US Dollar Index showed no immediate reaction to these remarks and was last seen posting small daily gains at 104.33.Bostic noted that …

The EUR/USD pair has fallen to 1.0759 as US inflation data surpasses expectations, indicating sustained Fed attentiveness. January’s Producer Price Index (PPI) increased 0.3% MoM, exceeding estimates, while the core PPI also beat forecasts, jumping sharply to 0.5% MoM from -0.1% in December. The ECB’s cautious approach to rate cuts …

In January 2024, the US core producer price index, which excludes food and energy costs, experienced a notable surge, rising by 0.5% compared to the previous month. This robust rebound marked a significant turnaround from the 0.1% decline observed in the preceding month, surpassing market forecasts that had anticipated a …