The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …
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Federal Reserve Governor Lisa Cook said on Monday that expectations of near-term policy rates do not appear to be driving rise in long-term rates. These comments failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was unchanged on the day at 105.05. The US financial …
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Gold is up +0.24% on the day, the precious metal is trading at $1987.31 at the time of writing. The price of gold is fluctuating horizontally during Monday’s US trading session due to the lack of a catalyst, but it is likely to be supported by the weakening US dollar …
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Fed’s Lisa Cook, who before said the US central bank is focused on addressing inflation that is “much too high”, reiterated on Wednesday that inflation is still too high.Cook noted that it could soon be “time for the US central bank to take its foot off the gas when it …
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On Thursday, Federal Reserve Governor Lisa Cook said that inflation in the US is still remains unacceptably high and interest rates will need to keep rising to get it under control.According to Cook, “Inflation is too high, it must come down and we will keep at it until the job …
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US President Joe Biden could announce remaining Federal Reserve Board of Governor Nominees as soon as this week.Michigan State University economist Lisa Cook, former Fed research economist Philip Jefferson, and former Fed Governor Sarah Bloom Raskin are the leading candidates as the Biden administration seeks to diversify the Board of …
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