Tag Archives: rate cut

The Canadian labour market report for July, released on Friday, once again underlined why the Bank of Canada (BoC) has now cut interest rates for the second time. Instead of the moderate job growth that economists had been expecting, we saw job losses (albeit very small ones) for the second …

Brian Moynihan, the CEO of Bank of America, requested the Federal Reserve to lower interest rates in order to relieve pressure on American customers during a week marked by significant volatility in the U.S. economy and market worries. “They’ve got to be more careful than the downside of not starting …

Gold prices edged lower on Monday but remained close to record highs as increased safe haven demand continued to support the yellow metal amid growing concerns over a slowing global economy. Market Performance Spot Gold: Dropped 0.8% to $2,424.01 an ounce by 06:00 ET (10:00 GMT).Gold Futures (December): Fell 0.2% …

The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, emphasized that the Fed should avoid reacting hastily to isolated data points. Despite US Nonfarm Payrolls falling below expectations, Goolsbee acknowledged significant progress in both inflation and jobs data over recent months.Key Quotes: The labour market is showing signs of …

Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …

Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …

The Bank of England faces a critical decision on interest rates as policymakers weigh whether to reduce borrowing costs for the first time since the onset of the Covid-19 pandemic. Following a significant decline in inflation this year, Threadneedle Street is poised for its first rate cut since raising interest …

Wall Street surged on Wednesday, propelled by the S&P 500’s largest single-day gain since February. The optimism was ignited by the Federal Reserve’s decision to hold interest rates steady while signaling a potential rate cut as soon as September. Fed Chair Jerome Powell indicated that progress in taming inflation and …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements. United StatesThe Dow Jones saw a boost following Microsoft’s recent announcement of a new update to the Bing …