Tag Archives: Jerome Powell

Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …

Cryptocurrencies and stocks both pushed lower following Fed Chair Jerome Powell’s speech today. Both cryptocurrencies and major stock indexes lost value this morning, as global market participants responded to the hawkish language that Federal Reserve Chair Jerome Powell used in his keynote speech at the Jackson Hole Economic Symposium.The price …

With a big deal of market volatility, gold prices have pushed to session highs. The housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal, which …

Gold prices fell on Wednesday, August 24, in the United States of America, after hawkish statements from an official in the Federal Council surrounding the investors kept investors. And gold fell in direct transactions 0.1% to $ 1746.18 an ounce, the time at 07:12 GMT, after rising 0.7% in the …

With a big deal of market volatility, gold prices have pushed to session highs as the housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal …

Gold prices fell to near a one-month low on Tuesday, as the yellow metal’s appeal against the dollar’s strength declined and investors continued to wait for the Federal Reserve to raise interest rates sharply. The price of gold in spot transactions at 1736.43 dollars an ounce (an ounce) by 0655 …

Gold trades at $1,735.77 per ounce at the time of writing versus $ 1,747.37 in the previous trading session. Gold prices are generally falling behind the pace again to begin the week. The latest Consumer Sentiment data is being blamed for another sharp surge in the US Dollar overnight that …

Gold is ending the trading week down more than $50 because the US dollar has strengthened to weigh, accordingly, on the precious metal ahead of the Jackson Hole economic symposium and Fed Chair Jerome Powell’s speech before the symposium. Next week’s significant catalyst will be Powell’s speech before the Jackson …

FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“We understand goal of soft landing is very challenging, has become more so in recent months”.“I am gratified that markets have …

The latest 75-basis point rate hike from the Fed, decided on Wednesday, July 27, 2022, will make business debt of higher cost as the monthly payment on loans will be a bigger, if manageable, drain on cash flow.But higher debt interest payments are less significant for business owners than what …