Tag Archives: pce

FOMC Chairman Jerome Powell has commented on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3-3.25% following the September policy meeting.Key Quotes“There is a fairly large group that would see 100 bps by year-end”.“Median policymaker sees 125 …

Jerome Powell’s comments, before Jackson Hole Symposium, have fuel 1,000-point market collapse, on Friday, as stocks slid for a second week. US equities fell after Powell had said the US central bank “won’t back off in its fight against rapid inflation”. The Dow Jones Industrial Average dropped 1,008.38 points, or …

Noticeably, traders, investors and economists have spent much of this week anticipating Jackson Hole Symposium which has now officially begun. Of course, markets are all waiting for the remarks by Fed Jay Powell which come at 10 o’clock tomorrow morning, Eastern Time. Markets have got some economic data that come …

The US dollar loses some of its earlier shine late on Friday amid lower US yields. The EUR/USD pair practically flat for the week and remains sideways.Price keeps moving below 1.0260 and supported by 1.0100. The EUR/USD printed a fresh daily low during the US session at 1.0145 and then …

The US Dollar Index extended above 105.000 but sharply retreated together with the Japanese Yen regrouping as yields dropped. The dollar rally remains largely intact, given accelerating concerns about a global recession, although data on Thursday was not positive and did very little to ease concerns about the US economy’s …

The British pound recovered from two-week lows and is advancing just above 1.2150, after sliding below the 1.2000 mark, for the first time since mid-June, when the GBP/USD collapsed towards 1.1933 YTD lows. At 1.2176, the GBP/USD records solid gains, as the year’s first half is near to end.Worries about …

The GBP/USD pair is about to post back-to-back weekly gains, up by 0.94%. The Fed’s favorite inflation gauge has eased from above the 5% threshold, showing signs that elevated prices could be peaking soon as the US Dollar Index bounces off weekly lows and grinds higher by 0.10%, sitting at …

The US dollar weakened on the first trading day of the week, amid a better market sentiment. The EUR/USD pair flirts with 1.0700, helped by ECB Chair President Christine Lagarde. She said she expects the facilities program to end “very early” in the third quarter of the year, leaving policymakers …

US equities and stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after …

Data released on Friday showed personal income rose 0.5% in March and a 1% increase in personal spending. Consumers had to dip into savings to pull it off, but not only did real personal expenditures rise in March, revisions lifted real February spending into positive territory as well, noted analysts …