Tag Archives: inflation

Global rating giant Fitch affirmed Canada’s Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) at ‘AA+’ with a Stable Rating Outlook.Following the news, the USD/CAD retreated from a monthly high surrounding 1.2975, also probing the five-day uptrend, at 1.2955 by the press time.Fitch expects firm Canadian economic growth of 3.8% …

Following a rare meeting between President Joe Biden and Fed Chair Jerome Powell, Biden emphasized the importance of allowing the Fed to act autonomously as it works to diminish inflation and prevent a recession.The meeting occurred days prior to the announcement that inflation rates had once again reach decades-high levels …

The Australian dollar plunges to fresh four-week lows after news that the Federal Reserve would hike 75 bps in the June meeting, the largest since 1994.The Fed’s move is meant to address the US hot inflation that hit 8.6%, with no signs of abating in the near term. After reaching …

The US central bank will announce its monetary policy decision on Wednesday, June 15. As markets get closer to the release time, twelve major banks published their forcasts. The Federal Reserve is the world’s most powerful central bank and is expected to go off-script through hiking rate by up to …

US Treasury yields fell on Tuesday, paring part of the substantial gains made in the previous session, as investors assessed the possibility of the Federal Reserve taking a more aggressive step in its fight to bring down inflation. The annual pace of inflation in the US rose to 8.6% in …

A majority of the economists polled by Reuters revealed on Tuesday, the Swiss National Bank (SNB) is unlikely to change its negative interest rate policy this Thursday even as the country’s inflation rate remains at a 14-year high. “Twenty-four of 26 economists expect the SNB to keep its policy rate …

The EUR/USD bears stay the course and continue to eye a test of 1.04 the figure. The US dollar has climbed to score fresh bull cycle highs ahead of the Fed. At 1.0448, the Euro is still trailing to the US dollar by some 0.65% despite the recent bid in …

The Bank of England will raise interest rates in June by only 25 basis points and continue in the same lane in future meetings despite soaring inflation, a Reuters poll of economists found. The recent poll showed that “all but one of 56 economists expected the BoE to deliver a …

The Consumer Price Index published on Friday by the Bureau of Labor Statistics hiked by 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected.Federal Reserve policymakers tasked with bringing prices back down could likely to take clues from May’s CPI report on …

Financial Japanese authorities had a meeting to address the weaker JPY and have agreed to act if the yen continues weakening. Despite falling on threats of an intervention by Japan, the GBP/JPY pair managed to gain 1.30% within a week.The GBP/JPY pair fell on Friday and trimmed weekly gains of …