Tag Archives: interest rate hikes

The Consumer Price Index published on Friday by the Bureau of Labor Statistics hiked by 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected.Federal Reserve policymakers tasked with bringing prices back down could likely to take clues from May’s CPI report on …

Economic data released on Friday showed the jobs in Canada rose by 39,800 in May, surpassing expectations. Analysts at CIBC, consider that recent economic data means that the Bank of Canada could raise its interest rates a little higher. Key Quotes: “A further solid rise in employment, decline in the …

The US Bureau of Labor Statistics will release the May Consumer Price Index (CPI) data on Friday, June 10 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming US inflation print. …

Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …

Gold price has exhibited a minor correction after recording a high around $1,856.00 on Tuesday, but strongly stabilized above the crucial resistance of $1,850.00 as the US dollar index slipped sharply. The precious metal has been advancing higher gradually after hitting a low of $1,837.06 and is expected to extend …

The AUD/JPY pair is running into monthly resistance but prior highs near 102.80 will be eyed if the bulls stay within the current course. The yen is suffering a central bank deviation blow and a potential course shift. While investors worry over decades-high inflation, the Bank of Japan has decided …

The GBP/USD pair has managed to remain positive on the week, up by 0.82%. The UK Prime Minister Boris Johnson won a no-confidence vote, and the GBP positively reacted to this piece of political news.The sterling climbs for the second straight day amid two days of a volatile trading session …

The market sentiment dramatically changed from optimism during Asian trading session into pessimism during the US session. The early positive mood was on the back of hopes that the global economic situation would start improving after Beijing continued easing coronavirus-linked restrictions.The sentiment deteriorated after the bell on Wall Street, as …

The Reserve Bank of Australia will have its June monetary policy meeting on Tuesday and is expected to hike the cash rate for a second consecutive month. In May, the RBA decided to raise the benchmark by 0.25% for the first time in over ten years.Observers and market participants argue …

US stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft’s forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.The S&P index recorded one new 52-week high and 29 new lows, …