Tag Archives: fomc minutes

The US Dollar Index, which measures the value of the USD against a basket of currencies, witnessed a calm Monday session with mild losses, holding steady despite elevated levels near last week’s highs. Amidst ongoing Middle East tensions, market participants await key events this week, including the release of the …

The September 2024 FOMC meeting is poised to conclude on September 18th, with Fed Chairman Powell’s press conference following. Traders and economists are divided over the size of the rate cut, with 59% odds of a 50bps interest rate cut and 41% probability of a 25bps cut per CME FedWatch. …

The US Dollar continued its downward trend, reaching levels last seen in late December 2023. This decline was primarily fueled by growing expectations for a September interest rate cut, as indicated by the Federal Open Market Committee (FOMC) minutes. Key Economic Events:Jackson Hole : This influential economic gathering kicks off …

Wall Street closed modestly higher on Wednesday, with the S&P 500 and Nasdaq gaining over 0.4% and 0.5% respectively. The Dow Jones Industrial Average saw smaller gains of 0.14%. Advancing stocks outnumbered declining ones on both the NYSE and Nasdaq. The S&P 500 and Nasdaq set new 52-week highs, while …

The latest Federal Reserve meeting minutes indicate a strong likelihood of a rate cut at the upcoming September meeting. The vast majority of FOMC participants expressed confidence that the recent economic data, including inflation and unemployment trends, support a reduction in interest rates. While caution was advised regarding the sustainability …

The recent minutes from the Federal Open Market Committee (FOMC) meeting indicate that the central bank is considering easing monetary policy in the near future. This sentiment has provided support to gold prices, which have remained relatively steady above the $2,500 level.Fed officials expressed increasing confidence in their ability to …

According to the Minutes from the two-day session held on July 30-31, the vast majority of participants indicated it would likely be appropriate to ease policy at the next meeting if the data continued to align with expectations.Jerome Powell admits officials discussed a rate cut at July meeting The Fed …

The USD Index extended its decline and traded just pips away from the so-far yearly lows near 101.30. The weekly MBA Mortgage Applications are due on August 21 ahead of the publication of the FOMC Minutes and the weekly report on US crude oil inventories by the EIA. Sellers continued …

The U.S. dollar continued its downward trajectory on August 21, 2024, as investors anticipated a dovish message from Federal Reserve Chair Jerome Powell at the upcoming Jackson Hole symposium. This expectation, coupled with a generally improved risk sentiment, drove the dollar index (DXY) to near its 2024 lows. Several key …

Wall Street saw modest gains on Monday as investors navigated a quiet trading day ahead of pivotal events this week. The Dow Jones Industrial Average inched up 0.1%, the S&P 500 rose 0.4%, and the Nasdaq Composite climbed 0.5%.Market participants are keenly focused on the Federal Reserve’s interest rate decision …