Tag Archives: inflation

US stocks rallied, although indexes gave up gains unevenly ahead of the close, while government bond yields ticked lower, sending the American dollar in a selling spiral, exacerbated by the breakout of technical levels.The EUR/USD pair trades at its highest in two months at around 1.1450, while GBP/USD jumped to …

The President and CEO of the Federal Reserve Bank of San Francisco Mary Daly has stated that the Federal Reserve Bank does not want to get too far ahead on calling a number of rate increases.She explained that they definitely see rate increases as early as March because inflation is …

According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in …

US President Biden on Wednesday has insisted that his administration is “making progress” on inflation, despite data showing it continued to grow last month for an annual jump of 7 percent, the highest increase since 1982.The White House highlighted falling fuel costs in December and lower overall monthly increase of …

According to the Fed’s Beige Book, a report on current economic conditions in each of the 12 Federal districts, most districts experienced a sudden pullback in leisure and travel spending, as well as hotel occupancy and patronage at restaurants as the number of Covid-19 Omicron infections rose. Additional Takeaways: “Contacts …

The US Dollar has dropped 30 pips across the board, meanwhile, commodities have jumped, Treasury yields have fallen and the dollar is under broad pressure following the CPI report.The price move is a little tough to square with the data. The numbers were broadly in-line with the consensus, if not …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.0% on a yearly basis in December from 6.8% in November, the US Bureau of Labor Statistics reported on Wednesday. That was in line with the median economist forecast for a reading of 7.0%. The MoM …

The US dollar sharply fell on Tuesday, following remarks by US Fed Chair Jerome Powell. In the hearing before the Senate on the occasion of his re-nomination for a second term, the US central bank Chief mixed hawkish view of the economy with watchful approach to the federal balance sheet …

https://www.youtube.com/watch?v=46lVs1tbZiA&feature=emb_titleSpeaking to Dubai TV, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, commented on the most important developments in the financial markets during the first week of the new year 2022.Hashad commented on the most prominent issues in global markets …

US stocks fluctuated on Tuesday and the 3 main indices were on track to recover from early losses as investors followed Fed Chair Senate confirmation hearing which strengthened the case for tightening to tame inflation although Powell predicted a “long road to normal” in monetary policy.The US inflation report due …