Tag Archives: US Economy

The gold market suffered another week of losses, falling for the third week as markets shifted expectations from a rate pause to a rate hike at the Fed’s policy meeting in June. The sentiment on Wall Street is now split on whether gold is done falling. Upbeat macro data and …

The US Bureau of Economic Analysis’ (BEA) second estimate revealed that the country’s real Gross Domestic Product (GDP) rose at an annualised rate of 1.3% in the first quarter. This number was higher than the advance estimate and the market forecast of 1.1%. “The increase in real GDP reflected increases …

US new home sales jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year’s lofty levels. The Commerce Department report followed on the heels of data showing a surge in permits for …

Federal Reserve Bank of San Francisco President Mary Daly refrained from commenting on the next possible Federal Reserve policy decision but reiterated that they must be very date-dependent right now. The US Dollar Index clings to small daily gains near 103.30 after these comments.Keys Quotes “Want to see if policy …

According to the findings of the US Federal Reserve’s annual survey entitled “Survey of Household Economics and Decision making,” households reported a decline in financial well-being. The US Dollar Index clings to small daily gains slightly above 103.20 after this report.Key Quotes“Report shows higher prices have negatively affected most households.”“One …

Data from the American Petroleum Institute, released in its weekly report on Tuesday, revealed that US oil inventories increased by about 3.69 million barrels in the week ending May 12th. Also, the data also showed that gasoline stocks fell by about 2.46 million barrels last week. Also, distillate inventories decreased …

Gold prices fall 1.48% as US economic data showcases resilience, led by strong retail sales and industrial production figures. Hawkish tones from Fed officials Mester and Barkin contribute to rising US Treasury bond yields, further pressuring gold prices; trading at $1985. 76 per ounce at the time of writing. Upcoming …

The US Treasury Department reiterated Monday it expects to be able to pay the US government’s bills only through June 1 without a debt limit increase, increasing pressure on congressional Republicans and the White House to reach a deal in coming days.The news also quotes US Treasury Secretary Janet Yellen …

نور كابيتال | لقاء محمد حشاد على شاشه دبي – 15 مايو 2023 Dubai TV interviewed Mohammed Hashad, Director of Research and Development at Noor Capital and the member of the American Society of Technical Analysts, to comment on the most important developments in the financial markets and their impact …

Atlanta Federal Reserve President Raphael Bostic said, on Monday, that if he were voting now, he would vote to hold rates in June, but warned that he has to keep a possible rate hike on the table. He also forecasts inflation to be in the high 3s by year-end, and …