Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …
Read More »What markets can expect after a volatile week
The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …
Read More »U.S. Dollar Dips Amid Mixed Economic Signals, But Stays on Track for Weekly Gains
The U.S. dollar retreated from its recent two-month highs against major currencies on Friday, as signs of weakness in the labor market increased the likelihood of quicker Federal Reserve rate cuts. Despite this dip, the dollar is set to post its second consecutive weekly gain, bolstered by strong payroll figures …
Read More »Fed Officials Signal Continued Rate Cuts, But Caution Remains
Federal Reserve policymakers have indicated that a series of interest rate cuts is likely in the coming months, citing the ongoing decline in inflation and a resilient job market. However, several officials have also expressed caution, suggesting that the pace of these cuts may need to be adjusted based on …
Read More »Explainer: Inflation Data Sparks Debate on Fed Rate Path
The Federal Reserve, tasked with maintaining price stability and promoting economic growth, faces a delicate balancing act in its monetary policy decisions. The recent release of inflation data has once again highlighted the complexities of this task.Inflation, the sustained increase in the general price level of goods and services over …
Read More »U.S. Stock Futures Fall as Inflation Data Exceeds Expectations, Signaling Fewer Rate Cuts
Stock index futures extended their decline on Thursday after U.S. inflation data for September came in higher than anticipated, raising concerns that the Federal Reserve may implement fewer interest rate cuts later this year. A report from the Labor Department revealed that the Consumer Price Index (CPI) rose 2.4% annually …
Read More »US Headline Inflation Slows in September but Remains Above Expectations, Posing Challenge for Fed
Inflation in the U.S. eased on an annual basis in September, though it still surpassed economists’ forecasts, potentially complicating the Federal Reserve’s decision on future interest rate cuts. The Consumer Price Index (CPI), a key measure of headline inflation, slowed to 2.4% year-over-year, down from 2.5% in August, but higher …
Read More »Market Drivers; US Session
The US Dollar continued its upward trajectory, reaching new multi-week highs. This surge was primarily driven by rising interest rates and growing speculation that the Federal Reserve might implement a 25 basis point interest rate cut in November. These developments occurred ahead of the highly anticipated release of the US …
Read More »Markets Rally as FOMC Minutes Hint at More Rate Cuts
Global stock markets and U.S. Treasury yields rose on Wednesday, following the release of minutes from the Federal Reserve’s September meeting. These minutes indicated that a “substantial majority” of Fed officials supported a larger-than-usual half-point rate cut to initiate a period of easier monetary policy. However, there was also a …
Read More »U.S. Stock Futures Dip Ahead of Fed Signals
U.S. stock index futures edged lower early Wednesday, with Dow Jones Futures down 42 points (0.1%), S&P 500 Futures falling 7 points (0.1%), and Nasdaq 100 Futures slipping 40 points (0.2%). This follows Tuesday’s gains, driven by a surge in technology stocks, notably Nvidia, which rose 4%. Key Developments: Fed …
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