Jerome Powell, Chairman of the Federal Reserve (Fed), prepared remarks for delivery to the Economic Club of New York showed that Powell will say that significant tightening in financial conditions with higher bond yields can have implications for the policy. Powell will add that the policy setting committee is “proceeding …
Read More »Could Powell’s speech reshape rate-hike outlook before blackout period?
Before the Economic Club of New York, Fed Chairman Jerome Powell is scheduled to deliver prepared remarks that are anticipated to increase market volatility and offer crucial details on the Fed’s upcoming policy move. The speech will likely be closely watched by the markets because it will be delivered just …
Read More »Market Drivers – US Session, October 18
Gold initially jumped and reached $1,963, its highest level in two months, despite the moves in the bond market. The yellow metal later pulled back and settled around $1,950.The positive market sentiment that followed bright economic data from China was offset by rising tensions in the Middle East, higher yields …
Read More »Wall Street hesitates amid solid earnings, surging T-Yields
US equities dipped and Treasury yields soared on Tuesday as strong economic data and strong third-quarter earnings suggested that the Federal Reserve will continue to tighten policy for an extended period of time.All three major US indices were slightly lower at the end of trading, with interest-rate-sensitive MegaCap shares taking …
Read More »Treasury yields spike following robust retail sales data
Treasury yields soared after robust retail sales data caused traders to reassess their views on the length of the Federal Reserve’s tightening cycle.The benchmark 10-year note was last down 34/32, yielding 4.851% (versus 4.71% on Monday), while the 30-year bond was last down 42/32, yielding 3.9579% (versus 3.866% on Monday).The …
Read More »How far is Fed’s Powell stuck in interest rate debate?
US Federal Reserve Chairman Jerome Powell is scheduled to make his final public appearance before the Fed’s policy-setting committee on Thursday. The speech is scheduled to take place before the committee’s October 31-November 1 policy meeting.Powell’s speech is expected to focus on the recent rapid increases in bond yields, which …
Read More »USD is locked in a narrow range
The dollar moved in a narrow range on Tuesday as investors evaluated developments in the Middle East and awaited a set of speeches by US central bank officials this week, most notably the speech of Federal Reserve Chairman Jerome Powell, seeking indicators about monetary policy expectations. The yen stabilized near …
Read More »Euro Holds Strong Above 1.0500 Mark, Dollar Faces Downward Pressure
The Euro (EUR) commenced the new trading week on a positive note against the US Dollar (USD), leading to an extension of EUR/USD’s rebound from the 1.0500 level, ultimately regaining the 1.0540 zone on Monday. The US Dollar (USD) experienced a slight decline, retreating from last week’s peak near 106.80 …
Read More »Treasury yields drop amid hawkish Fed bets
After reversing two days of losses on Thursday, Treasury yields were falling on Friday. The 30-year bond’s yield decreased to the 4.782% zone, while the 10-year bond’s yield decreased to 4.632%. After declining earlier in the week, both yields increased on Thursday.Investors are intently monitoring Treasury yields after they reached …
Read More »Dollar slightly falls amid fears of continued interest hikes
The US dollar fell on Friday after its largest daily increase since March, which it reached on Thursday, as US consumer price data revived the possibility that the Federal Reserve will have to continue raising interest rates to bring inflation back towards the target level of two percent. The consumer …
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