Category: clues
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Wall Street mixed as investors await Fed rate clues, data By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Wall Street’s main indexes were mixed on Wednesday, with the index nearing a record high, as investors awaited more clues on the state of the economy and the next interest rate cut. The three main U.S. economic indicators rose to post…
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Dollar wallows near year-low as traders seek clues on Fed cuts By Reuters
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By Brigid Riley (Reuters) – The dollar held near its lowest in more than a year against a basket of currencies on Wednesday, while sterling traded near multi-year highs, as markets focused on signs of the size of a widely expected U.S. interest rate cut next month. Cryptocurrency Bitcoin grabbed…
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CFRA sees 3 clues from Powell’s Congressional testimony about the timing of rate cuts
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Bonnie Cash/Getty Images News Market research firm CFRA said it spotted three hints about the timing of a rate cut from Fed Chair Jerome Powell’s comments. Policy Certificate This week on Capitol Hill. Powell appeared before the House Financial Services Committee on Wednesday, concluding his remarks. Two days with legislators…
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Dollar edges up as traders await Fed rate cut clues By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose on Tuesday as traders looked to the key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The index, which measures the currency against the euro, pound, yen…