Tag Archives: interest rate hikes

Most economists do predict a 0.75-point rate hike decision by the Bank of Canada on Wednesday, followed by another super-sized rise next autumn. This will be the biggest rate increase in decades, a three-quarter-point rise, which comes within the framework of combating hot inflation, and looks set to continue with …

The USD/CAD buyers regain control and lift the pair above 1.3000, eyeing the 1.30776 level. Lower risk appetite is impacting investors’ calculations ahead of the US CPI to keep the USD/CAD upward pressured.The Bank of Canada (BoC) is expected to hike rates by 75 bps, as shown by STIRs futures. …

The three major US equity indices drop between 0.29% and almost 2%. Risk-aversion dominates Monday’s trading session. China’s covid-linked fears, in addition to hot inflation drag corporate profits lower as the earnings session approaches. US equities broke five days of consecutive gains, trading lower on Monday, courtesy of risk aversion …

Kansas City Fed President Esther George, who voted against the 75 basis points rate hike in June, said on Monday that the pace of rate increases needs to be carefully balanced against the state of the US economy.George’s comments do not have an immediate impact on the US dollar’s valuation. …

The US Bureau of Labour Statistics will release the May jobs report on Friday, July 8 at 12:30 GMT. Expectations are for a rise of between 268000 and 270000 (just under 300000) in Nonfarm Payrolls following the previous reading of 390000 increase in May (just under 400000). The Unemployment Rate …

The Dow Jones Industrial Average climbed 250 points Thursday morning, reflecting positive global trade, as investors digested an early batch of jobs data. The highly anticipated US payrolls report is due out Friday morning.Tesla traded up around 3% early Thursday. Elsewhere, Dow Jones tech leaders Apple and Microsoft were squarely …

Following data showing consumer prices running at an 8.6% 12-month rate and inflation expectations rising, the rate-setting Federal Open Market Committee chose the most tightening path.Fed Officials indicated a series of increases that would take the funds rate to 3.4% this year, above the longer-run neutral rate of 2.5%. Futures …

The Federal Open Market Committee released its hawkish minutes of the June policy meeting. Markets have nearly fully priced in another 75-basis points rate hike in July with which the minutes align. Investors are paying close attention to discussions around the September rate decision. The US dollar is little changed …

Gold prices fell to near seven-month lows on Wednesday, as the dollar’s strength and expectations of a rate hike hurt the non-yielding metal. Spot gold fell 0.2 percent to $1,760.90 an ounce by 1053 GMT, after dropping about 2.6 percent on Tuesday. US gold futures fell 0.3 percent to $1,759.00 …

Gold is under further pressure below a key monthly trendline and continues to get deeper in the red territory. Gold prices slumped to their lowest in more than six months on Tuesday, as the US dollar rallied amid growing recession concerns that caused losses across risk assets.Extra fears stem from …