President Xi Jinping ordered the central bank of China to start trading central government bonds; nevertheless, the bank is poised to exercise caution to minimize unanticipated effects on inflation and the exchange rate. The bank aims to avoid perceived heavy-handedness or quantitative easing, avoid large-scale intervention into the bond market, …
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The Chairman of the US central bank, Jerome Powell, participates in a discussion at the Macroeconomics and Monetary Policy Conference, in San Francisco. Earlier on the same day the PCE data was released and came in line with consensus.As for market’s reaction; the US dollar ticked higher as an immediate …
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The US Bureau of Economic Analysis reports that after rising by 2.4% in January, the US Core PCE inflation rate climbed to 2.8% YoY in February. This is in line with market estimates and comes after a 2.4% gain in January. While the monthly result showed 0.3% as expected, the …
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The USD/JPY pair dipped following February’s Core PCE data, indicating a gradual cooling of inflation but concerns linger. Fed officials maintain a cautious outlook on rate cuts, awaiting further evidence of sustained disinflationary trends.The US Core Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation gauge, showed prices …
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The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …
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The latest data from the Federal Labour Office revealed that the number of unemployed individuals in Germany saw a modest increase in March, falling short of analysts’ expectations. According to the figures released on Thursday, the number of unemployed individuals grew by 4,000 in seasonally adjusted terms, reaching a total …
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Gold prices remained steady on Thursday as investors absorbed remarks from Federal Reserve Governor Christopher Waller regarding potential interest rate cuts, while also eagerly anticipating upcoming US economic data to discern the trajectory of monetary policy. In spot transactions, gold edged up by 0.1 percent to reach $2,195.59 per ounce, …
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The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …
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Gold prices experienced a slight decline on Wednesday, largely driven by the strengthening of the US dollar. However, the precious metal traded within a narrow range as investors awaited further guidance from the US Federal Reserve. Here are the key highlights from today’s movements in the gold market: Gold Slips …
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The February orders for durable goods performed better than anticipated. Data on housing revealed some decline. This week’s focus will be on the release of PCE figures for February on Friday. Tuesday’s trading saw gains in the US dollar Index, slightly higher against its rival currencies, circling around 104.20. The …
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