Category: Fed

  • Fed official says no rate cuts yet, inflation still above target

    Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…

  • Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters

    Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…

  • Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?

    While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…

  • Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?

    While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…

  • Goldman Sachs now sees three consecutive Fed rate cuts this year

    Goldman Sachs economists now expect the Fed to cut rates by 25 basis points at each of the three remaining meetings this year. They previously expected two rate cuts. “Today’s report suggests that the slowdown in labor market conditions has now gone beyond what was welcome,” Goldman notes. In addition,…

  • Forexlive Americas FX news wrap 2 Aug: Bond market cuts rate for Fed after weak jobs data

    After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm payrolls report for July 2024 showed a gain of just 114,000 jobs,…

  • The Atlanta Fed GDPNow growth estimate for Q3 falls to 2.5% from 2.8%

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • Dollar climbs after Fed decision while pound slides as BoE cuts rates By Reuters

    By Harry Robertson, Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar rose on Thursday after falling the previous day as central banks continued to roil currency markets, while sterling fell to a four-week low after the Bank of England cut interest rates from a 16-year high. The dollar…

  • Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut

    As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…

  • S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters

    By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…

  • Dollar slips ahead of Fed decision; yen soars after BOJ hike By Investing.com

    Investing.com – The U.S. dollar fell on Wednesday ahead of the conclusion of the Federal Reserve’s latest interest rate-setting meeting, while the Japanese yen rose after the Bank of Japan tightened monetary policy. At 05:20 ET (09:20 GMT), the dollar index, which tracks the greenback against a basket of six…

  • Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com

    Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…

  • Dollar steady ahead of start of Fed meeting; traders remain wary By Investing.com

    Investing.com – The U.S. dollar was largely steady on Tuesday, with traders cautious ahead of the Federal Reserve’s latest interest rate-setting meeting. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was slightly higher at 104.342, trading within a narrow…

  • Dollar, yen hold tight ranges as market braces for BOJ, Fed By Reuters

    By Brigid Riley TOKYO (Reuters) – The dollar and yen held within close ranges on Tuesday as traders awaited major central bank decisions, starting with midweek policy meetings from the Bank of Japan and the Federal Reserve, that could set the tone for the coming weeks. The Japanese currency took…

  • Asia FX muted with yen steady ahead of BOJ; dollar gains before Fed By Investing.com

    Most Asian currencies remained in a narrow range on Tuesday amid caution ahead of a series of economic signals this week, with the yen steady amid uncertainty over a potential interest rate hike by the Bank of Japan. The dollar recovered slightly as expectations of a Federal Reserve meeting grew,…

  • Asia FX firms as dollar dips with Fed, BOJ on tap By Investing.com

    Most Asian currencies rose on Monday, while the dollar fell ahead of a Federal Reserve meeting this week that is likely to provide more clues about the bank’s plans to cut interest rates. The Japanese yen was among the best performing currencies, with the currency gaining further on Monday after…

  • Dollar backed ahead of Fed meeting; sterling retreats By Investing.com

    The U.S. dollar rose slightly in early European trading on Monday, supported by safe-haven bids as tensions in the Middle East escalated, while sterling fell ahead of a Bank of England policy meeting this week. At 04:50 ET (08:50 GMT), the dollar index, which tracks the greenback against a basket…

  • Yen rises amid fragile sentiment ahead of BOJ, Fed decisions By Reuters

    By Kevin Buckland TOKYO (Reuters) – The yen edged up on Monday, reversing earlier declines, as sentiment remained fragile after the Japanese currency’s best weekly rise since late April following a sharp drop in U.S. technology stocks that sparked demand for safe-haven assets. Traders are now awaiting policy decisions by…

  • Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com

    Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…

  • Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com

    Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…