Tag Archives: inflation

Market expectations are pointing toward a fresh decline in both headline and core Personal Consumption Expenditures (PCE) figures for the United States, set for release on Friday. Current projections suggest a possible drop in the headline PCE index to 2.6% for May, down from the previous month’s reading of 2.7%. …

The US dollar has been under downward pressure since the open of trading on Wall Street following the release of a batch of data that aligns with the Federal Reserve’s preferred trajectory.DXY PerformanceThe Dollar Index, which measures the performance of the US dollar against a basket of major currencies, fell …

Federal Reserve President Raphael Bostic expects to begin lowering interest rates later in 2024, stating that inflation doesn’t have to fall all the way to 2% for him to favor a cut. Bostic is currently monitoring progress toward the annual target of lowering interest rates, and sees plausible scenarios in …

In 2024, the Federal Reserve changed its position on interest rates dramatically. The salient features are as follows: Rate-cut hopes are dampened by persistent inflation. Due to the ongoing high pace of inflation, initial expectations of three rate decreases this year have been drastically reduced. Fed officials who have previously …

The dollar’s relentless ascent against the yen faced a speed bump on Tuesday, as traders cautiously avoided breaching the 160 yen threshold due to growing concerns about potential intervention by Japanese authorities. Meanwhile, Bitcoin, the leading cryptocurrency, experienced a partial rebound after suffering its worst single-day loss in over two …

Gold prices retreated in Asian trade on Tuesday, remaining within a narrow band around the low $2,300s as a resilient dollar and anticipation of key U.S. inflation data dampened investor appetite for the precious metal. Despite a slight overnight dip in the dollar, the greenback held its ground, buoyed by …

According to Fed official Mary Daly, higher interest rates are still required to reduce inflation and demand in the US economy. Though it’s unclear which scenario is more plausible, Daly thinks the Fed is prepared to act in response to both a deteriorating labour market and inflation staying above its …

Gold is benefiting from a weaker US Dollar, edging up by 0.45% amidst firm US Treasury bond yields. Investors are closely watching the upcoming PCE The Federal Reserve’s favoured inflation indicator, the PCE Price Index, is expected soon, and investors are eagerly monitoring it since it may affect expectations for …

European Central Bank Executive Board member Isabel Schnabel downplayed the likelihood that interest rates in the euro zone will take a significantly different path from those in the US. “So far this hasn’t really played out that much,” Schnabel told a panel discussion Monday in Berlin. “The macro economy is …

The Japanese yen continued to struggle against a resilient US dollar, flirting with the psychologically significant 160 level. This renewed weakness has prompted warnings from Japanese authorities, raising concerns about potential intervention to prop up the currency. The yen’s decline has been fueled by the Bank of Japan’s decision to …