Category: Fed
-
Interest rate expectations for the Fed after Friday’s Flash PMI data
•
Despite a strong US Purchasing Managers’ Index (PMI) release on Friday, the Fed’s money market bets were little changed. Federal interest rate forecasts Expectations in the data were for a decline of about 47 basis points by the end of the year, and expectations remained very close to that despite…
-
Dollar gains on hawkish Fed; sterling weakens after BOE meeting By Investing.com
•
Investing.com – The US dollar rose to new highs on Friday as the Federal Reserve appeared more hawkish than its European peers, while the British pound continued to decline. At 05:00 EDT (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up…
-
Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut
•
June. November 20, 2024 at 12:17 PM ETXHP, ETP, MPPSPMB, CCM, VMBS, CMBS, LMBS, NAIL, JMBS, HOMZ, MTGP, JHMB, OWNSby: mary christine joy, SA News Editor Donnell shoe Mortgage rates fell for the third straight week on market expectations of future Fed rate cuts, according to a Freddie Mac primary…
-
Hodler selling and hawkish Fed put pressure on Bitcoin prices By Investing.com
•
Investing.com — It came under pressure last week, trading as low as $65,000 on Friday, as on-chain metrics showed Hodlers had been selling bitcoin since early June, according to HC Wainwright. The downtrend includes miner sales, adding to selling pressures amid a hawkish outlook from the Federal Open Market Committee…
-
Dollar edges higher ahead of retail sales, speeches by Fed officials By Investing.com
•
Investing.com – The US dollar rose on Tuesday ahead of key retail sales data and speeches from Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a…
-
Dollar edges up as traders await Fed rate cut clues By Reuters
•
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…
-
Futures pull back as investors await data, Fed comments
•
(Reuters) – U.S. stock index futures were mixed in quiet trading on Monday as investors awaited new economic data and comments from Federal Reserve officials for more clarity on monetary policy. S&P 500 futures fell slightly after hitting several record highs the previous week, while the tech-heavy Nasdaq rose as…
-
Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1%
•
The Atlanta Fed’s second-quarter GDP growth estimate rose to 3.1% from 2.6% on June 6. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June 6.…
-
Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
•
In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
-
Dollar pares losses as Fed officials project only one rate cut this year By Reuters
•
Written by Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after an updated interest rate forecast by Federal Reserve officials showed an expectation of another rate cut. Only one this year.…
-
Dollar falls after CPI, Fed meeting; PPI release due By Investing.com
•
Investing.com – The US dollar fell on Thursday, as traders weighed the competing factors of benign US inflation and a more hawkish Federal Reserve. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 104.340, after trading…
-
Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year
•
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5.25-5.50% as expected in its last announcement. Their official statement acknowledged this “There has been modest additional progress towards the committee’s 2% inflation target.” In recent months, which has been more optimistic compared to…
-
Dollar gains on hawkish Fed, even as inflation cools By Reuters
•
Written by Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday despite the US producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the end of its meeting on Wednesday. Data on Thursday showed that US producer prices fell unexpectedly in May,…
-
What now after the US CPI and Fed showdown yesterday?
•
It certainly did not disappoint. It was very similar to poker, where the flop (CPI report) is shown first. Then we moved to the bend (dot charts) and finally the river (McCoy Powell). Overall, it ended up being a push and pull by the time we wrapped things up yesterday.…
-
Canadian dollar underperforms as the Fed gets a greenlight to cut
•
The Canadian dollar performed poorly today and the move was puzzling at first but on second look shows why it makes sense. Today the Canadian dollar rose by 0.5% which is a good gain but much less than the +1.2% for the Australian and New Zealand dollars. The performance of…
-
Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
•
Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
-
Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
•
(Bloomberg) — European stock futures rose while Asian shares fell, as the double whammy of an upcoming U.S. inflation report and a Federal Reserve decision kept traders on edge. Most read from Bloomberg Hong Kong’s stock index fell more than 1%, with auto stocks leading the decline ahead of the…
-
Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
•
Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…
-
Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
•
Investing.com — Asian stocks mostly fell on Wednesday on anticipation of more signals on inflation and the Federal Reserve, while reports of more US trade scrutiny against China also weighed on sentiment. Regional stocks received a few positive signals from record closing levels in the and , which were mainly…
-
US stock futures steady after AI rally; Fed rate decision, CPI on tap By Investing.com
•
Investing.com — U.S. stock index futures were flat in afternoon trade Tuesday after an artificial intelligence-fueled rally put Wall Street at new highs, with focus turning to the Federal Reserve and upcoming inflation data. The hype around AI remained a major support point for the markets after Apple Inc (NASDAQ:)…