Tag Archives: tightening monetary policy

US stocks plunged lower on Friday morning as traders digested the much stronger than expected jobs report for January, but recovered a little bit by midday trading after the US jobs report far exceeded expectations while the unemployment rate fell to a historic low of 3.4%. Stock market’s steep decline …

Over the past year, the Bank of England (BoE) has increased its interest rate from almost zero to 3.5%, adopting a more aggressive escalation policy during the second semester as the inflation rate soared to double digits for the first time in nearly fifty years. The Fed signalled a slowdown …

Next week will witness policy meetings by the US Fed, BoE, and the ECB. Investors and traders anticipate rate hikes of 50 basis points as a hint that the Fed will keep rising rates. A 50 bp rate hike for the following week is all but guaranteed, according to analysts …

The Australian dollar surged to a fresh five-month high at 0.7122 against the US dollar on Wednesday, after the Australian inflation data that paved the way for additional policy tightening by the Reserve Bank of Australia. Except for the Australian dollar, risk aversion keeps high beta currencies pressured. Hence, the …

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

The CAD/USD pair is trading at 1.3412 at the time of writing versus the previous closing at 1.3463, down by -0.40%. Next Wednesday, the BoC will hold its monetary policy meeting. Analysts expect a 25-basis points rate hike in line with market consensus. They point out the Canadian dollar may …

The US dollar hovered near seven-month lows on Friday as fears of an economic slowdown dampened risk appetite, while the yen weakened even as speculation mounted that the Bank of Japan will eventually abandon its ultra-loose monetary policy. The dollar index, which measures the performance of the greenback against six …

The US dollar slid on Thursday against major currencies in a choppy US trading session as data continued to indicate that the US economy is slowing down in the wake of multiple rate hikes by the Fed as investors and traders expect the central bank to pause or at least …

Wall Street’s major indices closed higher on Friday, supported by reports that although jobs increased in the United States more than expected, wage increases slowed and services activity contracted, easing concerns about the path of interest rate hikes by the Federal Reserve. The data published by Automatic Data Processing (ADP) …

Wall Street was dragged lower by losses in growth and healthcare equities during the final trading day of a tough year, which was marked by aggressive stance and recurrent interest-rate hikes to keep inflation under control in addition to the ongoing Russia-Ukraine war and recession woes.The losses made communication services, …