Michelle W. Bowman, a member of the Federal Reserve Board of Governors, issued a warning, stating that there is a serious chance that inflation may stay high for a lot longer than most people think. Fed Board member Bowman gave a lecture at the Massachusetts Bankers Association Annual Convention in …
Read More »Federal Reserve Keeps US Interest Rates Unchanged
The Federal Open Market Committee decided to keep interest rates unchanged at its meeting that concluded today, Wednesday, and investors and observers are awaiting the press conference held by Federal Reserve Chairman Jerome Powell in an attempt to obtain guidance on the future interest rate path and the central bank’s …
Read More »Noor Capital | Interview with Mohammad Hashad on Dubai TV – April 29
Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented and analyzed the most prominent market developments and the performance of the most important assets, in an interview on Dubai TV. US Interest Expectations, Federal Reserve Decisions:Asked about his expectations …
Read More »US dollar benefits from US employment data
The US dollar continues to rise since the beginning of daily trading on Tuesday amid speculations concerning the looming Federal Reserve’s decision on the US interest rate as well as the recent US employment data in a trading week that is busy with key economic events.The US currency benefited from …
Read More »Will Powell, FOMC Rescue Bitcoin Price?
The price of Bitcoin, the most well-known cryptocurrency worldwide, is under pressure as it approaches $60,000. As of this writing, Bitcoin is trading at $62,727, down -1.88% from its peak. The Federal Reserve is the focus of attention in the cryptocurrency market this week due to the highly anticipated FOMC …
Read More »Fed’s Goolsbee: Makes sense to wait to get more clarity before moving
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …
Read More »ECB’s Nagel: Eurozone price pressures could continue for some time
In an interview on Wednesday, European Central Bank policymaker and Bundesbank Chief Joachim Nagel said that price pressures in the Eurozone could continue for some time, per Reuters.“It’s not completely clear if the inflation rate will reach 2% target next year and stay at this level,” Nagel added and noted …
Read More »European Central Bank holds interest rates
The European Central Bank (ECB) decided to maintain interest rates at all-time highs following its governing council meeting in Frankfurt on Thursday. However, the ECB signaled a potential rate cut at its next meeting in June. The benchmark deposit rate was kept at 4 percent until policymakers were confident that …
Read More »Tokyo’s CPI slowdown Support BoJ’s Interest Rate Caution
Tokyo Consumer Price Index, for March, increases 2.6% YoY from 2.6% earlier. The headline The Tokyo Consumer Price Index (CPI) increased 2.6% YoY in March after increasing 2.6% in the prior reading, according to data released on Friday by the Statistics Bureau of Japan. In the meantime, after rising 3.1% …
Read More »ECB’s Dilemma: Balancing Rates, Economic Risks
The European Central Bank (ECB) cannot afford to ignore the economic dangers connected to an extended period of high interest rates, according to Governing Council member Francois Villeroy de Galhau. Villeroy, on the other hand, says that the ECB ought to start cutting rates during one of its next meetings.Dual …
Read More »