Tag Archives: inflation

As anticipation mounts ahead of the European Central Bank’s interest rate decision scheduled for tomorrow, Thursday, analysts widely anticipate a status quo stance, with the bank likely to maintain interest rates unchanged at 4.50%. With this expectation in mind, market attention is poised to shift towards the bank’s economic forecast …

The US Dollar Index (DXY) is experiencing losses following the soft print for January’s JOLTs Job Quits and Job Openings as well as the weak ADP Employment Change report for February. The Dollar Index (DXY) is 0.45% down, trading at 103.313 at the time of writing.Federal Reserve Chair Jerome Powell …

Spot Gold prices reached a new record high on Wednesday, with XAU/USD reaching a tentative all-time high ever at $2,150.00. the precious metal is trading at $2143.64, and is still up 0.74% at the time of writing.This comes after Federal Reserve Chair Jerome Powell’s two-day appearance, where he clarified the …

US Federal Reserve Chair Jerome Powell has assured the members of Congress that upcoming decisions on when and how fast to cut interest rates will be based solely on economic data. Powell stated that rate cuts “really will depend on the path of the economy. Powell stressed that Fed’s focus …

Since its January meeting, the Bank of Canada has refrained from using the phrase “the bank is still ready to raise interest rates if necessary,” which was previously a frequent mention in its statements. This adjustment comes at a time when the market anticipates rate cuts by other central banks. …

The Bank of Canada is expected to maintain a 5% interest rate at its upcoming meeting, with a possible first rate cut in June. This approach will allow the Bank to monitor GDP figures and their impact on the interest rate’s outlook, as economic analysts believe the Canadian economy is …

Fed Chair Jerome Powell is expected to reiterate his stance that interest rate cuts are not necessary right now, particularly in light of recent inflation-linked data that indicated price pressures are still persisting.The Fed will release its Beige Book poll, which is a nationwide study of regional business contacts, on …

Economists expect the EUR/USD exchange rate to end the year at 1.1000. Limited upside potential is also suggested.Economists see limited upside potential for EUR/USD this year. By the end of the year, economist expect prices to be around 1.1000. The Euro is likely to appreciate slightly over the next few …

In February 2024, annual inflation rates in Turkey surged to 67.07%, slightly surpassing expectations of 65.74%. This uptick followed a modest increase in January of the same year, where inflation stood at 64.86%. Over the period spanning from 1965 to 2024, Turkey has experienced an average inflation rate of 35.06%. …

The US Dollar Index (DXY) is trading near 104.130, up for Thursday’s session, with the Core PCE Price Index matching predictions. Markets continue delaying rate cuts from the Fed, favoring the Greenback. Personal Consumption Expenditures (PCE) showed no surprises, and the Fed won’t rush to cut rates if there’s no …