Tag Archives: Federal Reserve

As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

US Treasury yields decreased on Thursday, influenced by mounting speculation that the Federal Reserve might reduce interest rates by more than previously anticipated. This development has negatively impacted yields on benchmark government bonds, which are less favored in a low-interest-rate environment.Over the past few days, markets have experienced significant uncertainty …

FOMC meeting began on Tuesday amid hopes that Jerome Powell, Fed Chairman, could hint the timing or number of rate cuts at least until the end of 2024, this comes amid accelerating expectations that the Federal Open Market Committee will begin cutting rates in its meeting next September.These expectations are …

To begin the new week, the Canadian dollar weakened versus the major rival currencies. This week, Canada has a small presence on the economic calendar. The Canadian dollar is dependent on significant central bank appearances based on mid-tier statistics. Amidst market positioning in anticipation of the Federal Reserve’s anticipated rate …

The economic landscape is shifting as evidence of cooling inflation becomes increasingly apparent. The June Personal Consumption Expenditures (PCE) Price Index report, a key metric closely watched by the Federal Reserve, is anticipated to reflect continued moderation in price growth. This positive trend, driven by factors such as declining gas …

Bitcoin prices continued their downward trend on Wednesday, reflecting a broader week of losses. The decline is largely attributed to a weak risk appetite among traders, driven by growing uncertainty surrounding the U.S. political landscape. In the past 24 hours, Bitcoin fell by 1.7%, bringing its price down to $65,793.50 …

Stocks’ rally to record highs in 2024 has come to a pause as corporate earnings season begins to highlight the market’s true potential; Attention is now turning to the profits of the technology sector, especially the so-called “Great Seven”, the technology giants: Apple, Microsoft, Meta Platforms, Amazon, Tesla, Alphabet (the …

The euro has been on a downward trend since the European Central Bank (ECB) decided to keep interest rates unchanged last Thursday. The euro/dollar pair fell to 1.0900 from its previous close of 1.0935. ECB Policy DecisionThe ECB’s decision to maintain the deposit rate at 3.75% was in line with …

Bitcoin’s price experienced a significant rebound on Monday, recovering from recent lows, as markets reacted to the attempted assassination of former President Donald Trump. Speculation that the failed attack could boost Trump’s chances of a second term fueled the cryptocurrency’s rise, given his favorable stance on cryptocurrencies. Key Points: Bitcoin …

Bitcoin’s price has been on a downward spiral, hitting a four-month low as concerns mount over increased selling pressure from various sources, including Mt. Gox refunds and actions by the German government. However, some experts believe this might be a “bear trap,” luring investors into selling prematurely before a potential …