The US dollar staged a modest recovery on Tuesday after facing pressure from the Japanese yen in the previous session. The greenback drew support from recent developments, including hawkish comments from Federal Reserve officials and improved economic data.St. Louis Federal Reserve President, Matthew Mosallam, stated that “the cost of premature …
Read More »Financial Markets Weekly Recap: Fed’s Pivotal Shift Triggers Risk-On
Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …
Read More »What Signal Does FedEx’s Earnings Miss Convey About US Economy?
The recent earnings report from FedEx has sent shockwaves through the financial markets, raising serious concerns about the health of the broader economy. The company, often considered a bellwether for the US and global economies, has reported weaker-than-expected results, primarily due to a decline in industrial shipments. This article will …
Read More »Will BoC cut interest rates for the second successive time?
The Bank of Canada is set to cut interest rates for a second straight meeting to avoid a recession and prevent an inflation flare-up. Governor Tiff Macklem stated that he sees a soft landing, a slowdown that cools price pressures without triggering mass job losses. He became the first Group …
Read More »What is behind oil price’s recent decline?
Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. In order to understand this volatility, it is essential to refer to reliable data and stay informed on global developments …
Read More »Why this week’s statements by Janet Yellen on inflation matter
This week’s statements by Treasury Secretary Janet Yellen hold immense importance due to their impact on the US economy, financial markets, and public perception. Let’s dissect the context and delve deeper into why her words matter:Headline Inflation TrendsIn February, headline inflation fell to 3.2 percent year-over-year, a substantial improvement from …
Read More »No policy change expected as FOMC goes on with soft landing plan
Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …
Read More »Treasury yields decline following data supporting Fed’s soft landing
US Treasury bond yields have been declining since the beginning of trading on Wall Street, after US economic data favouring the “flexible landing” scenario and that the Federal Reserve could be closer to achieving it.Ten-year US Treasury bond yields fell to 4.131%, compared to the last daily close, which recorded …
Read More »Treasury yields decline following upbeat data
US Treasury bond yields decline on Monday from record highs this year after positive batches of US data revived hope that a “soft landing” could be achieved by the Federal Reserve.The Consumer Confidence Index issued by the University of Michigan rose this January to 78.8 points, compared to the previous …
Read More »Yellen: Current situation points to a soft landing
According to US Treasury Secretary Yellen, she stated that the pessimism regarding the economy had been proven unwarranted.Yellen noted that certain surveys were starting to indicate increased optimism among Americans.Yellen described the current situation as a “soft landing”, indicating that there was no substantial impact on energy prices from the …
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