Tag Archives: pce

The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …

Financial markets experienced extreme volatility this summer, with notable corrections in August and an impressive resurgence. Geopolitical worries, economic statistics, corporate results, and expectations for monetary policy were some of the causes that drove volatility. Depending on the index, August’s market movement was akin to a summer action film, with …

The Dow Jones Industrial Average (DJIA) capped off a remarkable week with a new intraday high. This milestone, following a similar record-setting performance on Monday, underscores the ongoing bullish sentiment in the market. However, the recent retreat from the all-time high raises questions about the sustainability of this momentum.Inflation and …

The US Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge for the Federal Reserve, presented a mixed picture in June 2024.Headline PCE Eases, Core PCE Holds Steady:The headline PCE inflation rate, which includes both food and energy prices, came in slightly lower than expected for the second consecutive …

The US Dollar struggled to maintain its upward momentum on Tuesday, as market participants adopted a cautious stance ahead of crucial economic data releases later in the week. The British Pound emerged as a standout performer, benefiting from the Bank of England’s persistent hawkish stance.Key Economic Events for Wednesday, August …

Following Powell’s remarks at Jackson Hole about possible policy easing in September, gold prices surged. Powell mentions labour market-linked concerns as well as inflation management; while some Fed officials reiterate forecasts for rate cuts.US durable goods orders increased 9.9% in July, indicating a robust economy; tensions in the Middle East …

Gold prices rose in Asian trading on Friday, recovering slightly from a steep drop in the previous session. The yellow metal remained supported by cautious sentiment as markets awaited an important address by Federal Reserve Chair Jerome Powell later in the day, which is expected to provide more clarity on …

Gold prices pulled back from record highs in Asian trade on Thursday, as the yellow metal’s rally cooled. The market remains focused on potential U.S. interest rate cuts and rising recession fears, which have created a volatile environment for precious metals. After surging to unprecedented levels earlier in the week …

Gold prices stabilized in Asian trading on Wednesday, following a series of record highs earlier in the week. The yellow metal has been buoyed by increasing expectations of lower U.S. interest rates, which have weakened the dollar and driven more investment into gold. As of 00:51 ET (04:51 GMT), spot …

Gold prices surged 1.01% on Friday, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the Fed in September after data showed US prices rose modestly in June.Spot gold was up about 1.01% to $2,389.71 per ounce, after hitting its lowest since July 9 …