The latest Federal Reserve meeting minutes indicate a strong likelihood of a rate cut at the upcoming September meeting. The vast majority of FOMC participants expressed confidence that the recent economic data, including inflation and unemployment trends, support a reduction in interest rates. While caution was advised regarding the sustainability …
Read More »What can markets expect from Jerome Powell’s Jackson Hole speech?
The Fed is prepared to reduce key interest rates next month as a result of inflation getting closer to its 2% target, while officials at the Fed are now focusing on the state of the labour market because they are growing more optimistic about their ability to control inflation amid …
Read More »US stocks edge lower after 8-day winning streak ahead of Powell’s Speech
Tuesday’s market lull came after the longest gain of the year, with traders hoping Jerome Powell would indicate that the Federal Reserve is willing to slash interest rates further when it begins to do so. After eight straight days of daily gains for the benchmark index, the S&P 500 saw …
Read More »Canadian Dollar Finds Limited Support Amid Inflation Data, Rate Cut Expectations
The Canadian Dollar exhibited a mixed performance on Monday, appreciating against its US counterpart while depreciating against other major currencies. This divergence comes as investors await crucial economic data releases and navigate a complex interest rate environment.Canada is poised to unveil its latest Consumer Price Index (CPI) figures on Tuesday, …
Read More »Gold declines following US Retail Sales Data
Gold price retreated from its intraday high of $2,470 after upbeat US Retail Sales data for July. Traders are widely anticipating the Fed will begin reducing interest rates from September. The July US CPI data boosted confidence that price pressures will return to the desired 2% rate. The US Census …
Read More »Fed Official Signals Potential Rate Cut in September
St. Louis Fed President Alberto Musalem has joined a growing chorus of Federal Reserve officials leaning towards a potential interest rate cut at the central bank’s September meeting. In a speech on Thursday, Musalem indicated that the time may be nearing for an adjustment to the benchmark interest rate.The official …
Read More »IS CPI Cooling a Green Light for Fed’s Rate Cut?
The Consumer Price Index Report for July represented the awaited last obstacle to be overcome before the Federal Reserve cuts interest rates in September, just before their most recent meeting. Though even if the CPI figure is on the strong side, weaker-than-expected labour-market data since then indicates a drop is …
Read More »Dow Rallies After US CPI Report
Investors may almost be certain that the Federal Reserve will drop interest rates initially next month—perhaps not dramatically. This is based on the most recent inflation data.In the 12 months leading up to July, the consumer price index indicated 2.9% growth in prices, which was less than the 3% forecast …
Read More »US inflation hits lowest level in three years
US inflation has hit its lowest level in three years on an annual basis in July, setting the Federal Reserve to cut interest rates soon to take pressure off the economy. This reading was the clearest indication yet that inflation is heading back to normal levels from 40-year highs without …
Read More »Fed Official Sees Room for Easing Policy
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, expressed concern about the current tight monetary policy, emphasizing the need for a more accommodative stance in the near future. Bostic also noted that recent inflation data has increased his confidence in the economy’s ability to achieve the 2% inflation …
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