Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he expects the Fed to raise rates at the March meeting.With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address imbalances between …
Read More »When Could US Positive Data Translate To Lower Prices?
After several bad months of economic reports showing high inflation, President Joe Biden received some welcome economic news at the White House Thursday.According to the Bureau of Economic Analysis, the economy grew at a faster-than-expected rate of 6.9% to close out 2021. This data represents the fourth quarter of 2021, …
Read More »No Surprises Expected For ECB In February
Analysts from Rabobank expect no surprises from the European Central Bank at its February meeting. They expect 2022 to bring a reversal of pandemic policies, but not a broader tightening of policy. Main Quotes: “The ECB has recovered some policy flexibility in December, but this comes at the cost of …
Read More »US economy Grows At Fastest Pace Since 1980s
The US gross domestic product growth has bounced back from 2020′s coronavirus recession, expanding at the fastest pace since 1984. The US economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The increase in GDP, a measure of …
Read More »US Economy Grows by 6.9% Annualised in Q4
US Real GDP grew at an annualised pace of 6.9% in Q4 2021, well above the median economist forecast for a pace of growth of 5.5%, according to the first estimate released by the US Bureau of Economic Analysis on Thursday. That marked a sharp acceleration from Q3’s 2.3% QoQ …
Read More »Market Drivers – US Session – 26 January 2022
The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …
Read More »New Zealand Inflation Data Hits 30 -Year High
Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …
Read More »XAU/USD Bears Sink Their Teeth Into The Market On Hawkish Powell
Gold prices have dropped and now trading at $1,817.59. Gold is moving towards the close and down some 1.65% after falling from a $1,850.11 high to test a low of $1,814.98. The drop came on the back of a hawkish twist at the Federal Reserve event on Wednesday.Initially, the Federal …
Read More »Powell Expects Progress On Inflation In Second Half Of 2022
In his usual post-Fed meeting press conference, Fed Chair Jerome Powell said on Wednesday that he expects to see progress on inflation in the second half of 2022.Main Quotes: “It’s a very, very tight labor market.”“We think there’s a pool of people who could come back to labor force, but …
Read More »US Dollar Moves To Top Spot On CSI, Fed Powell’s Comments
The US dollar and yields have shot higher, extending the post-Fed statement gains during Fed Powell’s hawkish pivot. Bulls have got behind a faster pace of tightening than what had been priced in. The Federal Reserve did what was expected from them in the main and there had been low …
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