Tag Archives: FED

Gold prices remained resiliently near a two-month low, reflecting the market’s response to mixed commentary from Federal Reserve officials regarding January’s inflation data. This dynamic has tempered expectations for a significant cut in interest rates, prompting investors to closely monitor developments in the precious metals market. Assessment of Market Movement:In …

Michael Barr, the vice chair of the Federal Reserve’s Supervision Committee, sent out a statement to news outlets late on Wednesday stating that the FOMC and the Fed as a whole are still optimistic that US inflation will approach the 2% target.Barr is closely watching the situation and does not …

Chicago Fed President Austan Goolsbee has reassured investors that the central bank will be able to lower interest rates in 2024 despite a hotter-than-expected reading on consumer prices. The Consumer Price Index (CPI) exceeded expectations in January, rising 3.1% over the previous year and 0.3% over the previous month. Prices …

Japan’s Nikkei index fell from its highest level in 34 years on Wednesday, affected by a sharp decline in Wall Street indices at the end of trading on Tuesday, but the weakness of the yen and increased investor interest are expected to push the benchmark index towards new high levels …

The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …

Tuesday saw a spike in the yields on US government bonds as the January inflation reading surprised analysts by being higher than expected.The yield on the 2-year Treasury bond surged to 4.5922%. The 10-year yield recovered to 4.273%, levels last seen in late November. The yield over 30 years reached …

A surprising CPI inflation reading on Tuesday caught the markets off guard. This week, Canada is conspicuously absent from the economic calendar. The Canadian currency has had a mixed day in relation to the US dollar, although it has performed significantly worse.Following a monthly increase in US Consumer Price Index …

The price of an ounce of gold has dropped below $2000 for the first time since mid-December. As of this writing, the price of an ounce of the precious metal is $1992.07. Gold prices plummet due to unyielding US inflation statistics. The US dollar returns to its nearly two-month high …

The dollar stands firm this Tuesday, holding its ground ahead of the eagerly anticipated US Consumer Price Index (CPI) figures. Traders are cautious, refraining from selling the dollar as recent adjustments by the US Administration to refine inflation metrics suggest potential underestimation of current CPI expectations. The National Federation of …

The dollar edged closer to the psychologically significant level of 150 yen on Tuesday, maintaining stability as markets anticipated the release of crucial US inflation data later in the day. Meanwhile, Bitcoin continued its steady hold above the $50,000 mark for the second consecutive day. Trading activity in Asia remained …