Fed Vice Chair Lael Brainard’s departure to the White House stimulated speculation over who will replace her as all policymakers weigh how much further to raise interest rates.Fed watchers wasted no time in coming up with some names of their own after Brainard’s name surfaced last month as a major …
Read More »US Dollar rose after US inflation data and firm statements from the Federal Reserve
The dollar rose on Wednesday following data showing rising inflation in the United States and firm statements on interest rates from Federal Reserve officials. U.S. consumer price inflation accelerated month-on-month in January and rose 0.5 percent, as expected. This is due, among other things, to the high costs of rent …
Read More »Fitch Expects Weaker US Labour Demand On Interest Rate Hikes
The US labour demand will weaken on rising interest rates, south-dominated jobs recovery according to Fitch Ratings. Fitch Ratings expects the US labour market to weaken as aggregate demand stagnates over the course of the year in response to the lagged effects of higher interest rates, according to a new …
Read More »US inflation declines only slowly, Fed cannot be satisfied
These are undoubtedly the beliefs of some investors, who ignore slight increases in annual inflation rates because they believe the downward trend will continue. That means that markets are in a risk-on mode. The Core Consumer Price Index (Core CPI), which increased by 0.4% MoM in January as predicted, is …
Read More »US Dollar is falling ahead of the announcement of US inflation data
The dollar fell on Tuesday ahead of the release of highly anticipated US inflation data, while the yen rose on the surprise selection of the new governor of the Bank of Japan, Kazuo Ueda. The British Pound rose after UK jobs data showed basic wage growth accelerating, but the labor …
Read More »US CPI Preview: Forecasts from four major banks
The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for January on Tuesday, February 14 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation …
Read More »US Dollar is approaching a 5-week high
The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …
Read More »Gold firmer around $1860 despite hawkish signals
Gold remains firm at around $1860 despite hawkish signalsOn Friday, gold prices remain firm at around $1860 per ounce after hitting a week-to-date new low of $1852.45 due to expectations regarding the next move by the US central bank and whether it would raise rates by 25 bps in the …
Read More »Canada’s Unemployment Rate stays unchanged at 5% in January
The data published by Statistics Canada revealed on Friday that the Unemployment Rate stayed unchanged at 5% in January. This reading came in better than the market expectation of 5.1%. Further details of the publication revealed that the Net Change in Employment rose by 150,000, surpassing analysts’ estimate of 15,000 …
Read More »US Dollar is falling under pressure
The US dollar fell against most of the other major currencies on Thursday, moving in line with falling Treasury yields, as investors stuck to their views that the Federal Reserve does not need to raise interest rates too much because inflation is starting to get under control. In evening trading, …
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