Tag Archives: Jerome Powell

The US dollar edged lower across the board as the American currency extended the bearish corrective decline that began on Monday. Positive US data has helped the case for a better market sentiment, with global indexes closing in the green.The underlying concerns remain the same. Tensions between Europe and Russia …

Gold goes offered on a hawkish Powell as the US dollar rallies. The US dollar has popped out of a 15-min wedge formation to the upside. The US Dollar Index was down 0.82% at 103.33, a touch away from the low of 103.226 ahead of the Powell event. On hawkish …

Federal Reserve Chair Jerome Powell said on Tuesday that US central bank officials will keep tightening policy until inflation comes down in “a convincing way.”“There have been some promising signs you can point to,” Powell said at a Wall Street Journal conference. But, he added, “There are some signs that …

The US dollar is crumbling, this week as investors survey the landscape of the global economy, not just in the US. The dollar has fallen victim to improved risk sentiment, helping the likes of the euro that has been extending its rebound from a five-year low touched last week, and …

The Federal Reserve Chair Jerome Powell said on Thursday that the US central bank’s battle to tame inflationary pressures would “include some pain” as the impact of higher interest rates is being felt, but that the worse outcome would be for prices to continue speeding ahead.”“We went through periods in …

US worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labour costs accelerated, indicating that rising wage pressures will continue contributing to keeping inflation elevated for a while. Nonfarm productivity, which measures hourly output per worker, plunged at a 7.5% annualized rate …

A few hours after the NFP release on Friday, gold investors could look to book profits toward the London fix, causing important assets, such as gold, to reverse direction after the initial reaction. Moreover, FOMC policymakers have clarified that they will focus on taming hot inflation, so they seem not …

The S&P 500 recently fell back below the 4,200 level, taking its losses to more than 2.5% or 100 points as US equities have largely reversed Wednesday’s post-Fed rally, with big tech names leading the decline as yields surge.Wednesday’s post-Fed soaring was short-lived, with all the three major US equity …

The EUR/USD pair has witnessed a juggernaut upside move after the Federal Reserve decided to raise a rate hike by 50 basis points in the New York session. The Euro bulls have established the asset above 1.0600 and are driving it higher towards the next barricade at 1.0650.An interest rate …

In reaction to Federal Reserve Chair Jerome Powell’s comments downplaying the likelihood of larger rate hike than the one just announced Wednesday, stocks surged to their biggest gain in two years Wednesday. Bond yields dropped as well. Stocks on Wall Street jumped on Wednesday, after Jerome Powell, the Fed Chair, …