There is a prevalent state of volatility across financial assets in all markets following the release of FOMC meeting minutes that has showed a substantial majority of the board see slowing hikes soon.According to the minutes, the Fed says rate peak to be higher than previously expected. There are uncertain …
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NZD/USD rallied to a high of 0.6236 on Wednesday, from the 0.6123 low. The pair was getting closer to its strongest levels in nearly three months after the RBNZ decided a supersized 75 basis point rate hike to get ahead of inflation.The latest RBNZ’s rate hike has been the largest …
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The Federal Reserve is expected to show how united policymakers were at their meeting earlier in November over a higher peak for interest rates than previously signaled as they calibrate their fight against decades-high inflation.At the conclusion of the Nov. 1-2 meeting of the US central bank’s policy-setting Federal Open …
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US stocks were mixed on Wednesday, as investors looked ahead to FOMC minutes hoping for clues into the pace of future interest rate hikes.The Dow Jones Industrial Average fell 3 points, or 0.01%. The S&P 500 gained 0.23% and the Nasdaq Composite increased 0.51%. Shares of Nordstrom fell more than …
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The US dollar plummeted on Tuesday amid the better performance of global equities which closed in the green territory on the back of positive risk appetite Wall Street posted considerable gains, adding the most in the final hours of trading. On the other hand, US Treasury yields edged lower with …
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Global equities surged on Tuesday while US Treasury yields dropped ahead of the awaited release of the Federal Reserve’s meeting minutes for November. Investors are looking forward to clues on the upcoming US interest rate hiking. On the other hand, China’s COVID restrictions weighed on the overall market sentiment.Benchmark 10-year …
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US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …
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Gold prices moved in a narrow range on Thursday as investors exercise caution ahead of inflation data in the United States that could affect the size of the next interest rate hike by the Federal Reserve. And gold fell in spot transactions 0.2 percent to $ 1668.84 an ounce by …
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US stocks finished lower on Wednesday after the release of the minutes of September FOMC policy meeting, wherein policy makers noted that inflation remained “unacceptably high.”The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or …
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Gold spiked higher to reach $1,678 after FOMC Minutes. The US dollar loses ground as the Fed hints to moderate the hiking pace. Gold futures spiked up to session highs at $1,677, with the US dollar turning lower as the minutes of September’s Fed meeting have been considered more dovish. …
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