Tag Archives: powell

Major European markets were closed on Monday with generally quite subdued trading conditions for most of the day. Flows were picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index (DXY) hit its highest level since …

The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

On 16 March, Jerome Powell, the chair of the US Federal Reserve, announced that the central bank would hike interest rates to 0.25 percent. It was likely just the first in a sequence of rate increases designed to tame stubbornly high inflation. Since the start of the year, the Fed …

The US Bureau of Labor Statistics (BLS) will release the March jobs report on Friday, April 1 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data.  CIBC “Employers likely …

The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …

Is US Economy Entering A New Normal? Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot. The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent months waiting for conditions to return …

Gold prices moved in a narrow trading range on Thursday, as caution dominated the markets due to the Russian-Ukrainian conflict and ahead of the release of US inflation data that may provide new indications on the monetary policy situation at the Federal Reserve (the US central bank). Spot gold fell …

Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumersPowell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central …

Gold prices rose on Wednesday as investors looked for a shield in the face of sharply rising inflation and the uncertainty that events in Ukraine are imposing on the markets, and falling US bond yields provided support for the yellow metal. And gold rose in spot transactions 0.6 percent to …