Category: Fed
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Financial Times: Donald Trump warns US Fed chair not to cut rates before the election
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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…
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Dollar limping, but set to fightback as Fed rate cuts now priced in: Macquarie By Investing.com
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Investing.com – The U.S. dollar has found its footing after a few weeks of struggle, but as bears sharpen their claws for another strike, some are pointing to favorable fundamentals including pricing in interest rate cuts that will provide the greenback with plenty of resistance. The dollar has “clearly suffered…
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Goldman Scahs makes the case for a July Fed cut. What’s priced in?
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The Fed’s blackout begins Friday at midnight and there’s little chance of a rate surprise unless officials announce it first. The main chance to do so today comes with Powell’s appearance at 12:30 p.m. ET at the Economic Club of Washington. Other than that, we’ll hear from a handful of…
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Powell and the Empire Fed highlight the economic calendar
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Powell checks the calendar (AI image) I wish you a happy Monday and certainly a happier one than it could have been. The Fed chairman spoke twice last week, so it’s hard to imagine he’ll change his stance, but he had the CPI from the second day of his testimony,…
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Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024
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U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…
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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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Timiraos: The Fed may start the debate about a Sept cut at the upcoming meeting
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Nick Timirus He says Today’s jobs report wasn’t alarming enough to put a July rate cut on the table (5% pricing) but it does say it could open up a real debate about September. The June jobs report will make the July Fed meeting more interesting because there may be…
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Fed mon pol report: Labor supply-demand balance resembles pre-pandemic period
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Further progress on inflation expected this year but ‘greater confidence’ still needed before moving to cut interest rates Housing-related inflation will gradually decline. There are still large gaps in the labor market. The financial system is sound and resilient. Relatively high valuations relative to fundamentals in major asset classes Full…
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New York Fed Nowcast growth estimate for Q2 falls to 1.8% down from 1.93% last week
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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…
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‘Several’ Fed officials want more rate hikes if inflation persists, minutes show By Investing.com
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The Federal Open Market Committee released the minutes of its latest meeting, which highlighted that the vast majority of participants said that U.S. economic growth is gradually slowing. “The vast majority of participants considered that growth in economic activity appears to be gradually slowing, and most participants indicated that they…
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Atlanta Fed GDPNow growth estimate for 2Q falls to 1.5% from 1.7%
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The Atlanta Fed lowered its GDP growth estimate for the second quarter of 2015 to 1.5% from 1.7% after the latest data. In their words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 1.5 percent On July 3, down…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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Fed’ Goolsbee: I see some warning signs the real economy is weakening
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Fed’s Daly: The PCE data is ‘good news’ but the Fed is not done yet
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage also creates additional risk 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…
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June US KC Fed manufacturing index -11 vs -1 prior
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The previous one was -1 The composite index is -8 versus the previous -2 “It is clear that inflation has forced the customer to make ‘either/or’ decisions on how to spend their money. We see that the value-added elements of the food sector are severely affected. Our business is not…
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Dollar rises on hawkish Fed talk; key inflation data looms By Investing.com
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The US dollar rose on Wednesday, supported by hawkish comments from Federal Reserve officials, while declining consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.480. Dovish Fed comments boost…
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Fed Governor Lisa Cook says AI is ‘not going to replace us’
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Federal Reserve Governor Lisa Cook doesn’t fear losing her job to robots anytime soon. Speaking at a luncheon at the Economic Club of New York on Tuesday, Cook said that when you’re a central banker, every word counts in a way that not only surprised her at first but will…
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BofA expects a Dec rate cut from Fed
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