Category: Fed
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Dollars hands back gains ahead of inflation data, Fed meeting; By Investing.com
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Investing.com – The US dollar fell on Tuesday, retreating from a one-month high, as yields eased ahead of key US inflation data and the Federal Reserve’s latest meeting. At 04:15 EDT (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3%…
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Week Ahead in FX (June 10 – 14): Fed and BOJ’s Decision on Tap, U.S. And Chinese Inflation Due
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No need to look for a 6’5 guy in finances with a trust fund and blue eyes because you can make yourself rich with all the potential market catalysts we’re telling you about this week! The Fed and Bank of Japan will drop their policy decisions for June, while Uncle…
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Investors brace for the Fed to dial back its 2024 rate cut predictions
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Investors are nervous this week as Federal Reserve officials prepare to signal how many interest rate cuts remain likely in 2024. Most market observers believe that decision makers will lower their expectations. The question is before how much. The new forecast on Wednesday will come in the form of a…
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Fed Dot Plot Is Set to Offer Glimpse of Rate-Cut Resolve
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Breadcrumb links PMN works Investors may benefit more from the Federal Reserve’s decision to ease monetary policy when US policymakers update their interest rate forecasts on Wednesday for the first time in three months. Article writer: Bloomberg News Steve Matthews and Craig Sterling Published on June 08, 2024 • 7…
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Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1% versus 2.8% yesterday
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The Atlanta Fed’s GDP growth estimate for the second quarter rose to 3.1% from 2.8% yesterday. 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…
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What will the Fed do after hotter-than-expected jobs report? By Investing.com
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The US job market is still hot. The non-farm payrolls report, released on Friday, showed 272,000 jobs added in May, crushing analysts’ estimates. This divergence from consensus is likely to have a significant impact on the Fed. This rise indicates continued momentum in the labor market. As a result, the…
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Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG By Investing.com
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Investing.com — It jumped on Friday to a weekly win, as a strong jobs report cooled bets on a Fed rate cut in September, but that is unlikely to mark a major reversal in the dollar’s bumpy ride lower unless it signals… The Fed points out that it is not.…
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With the Bank of Canada, ECB and jobs in the rear view mirror, the Fed is ahead
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This week, the Bank of Canada and the European Central Bank cut interest rates by 25 basis points each. For each, the initial cut was by the central bank. The Bank of Canada announced its interest rate decision on Wednesday. The central bank has reduced what is seen as restrictive…
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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Atlanta Fed GDPNow growth estimate for Q2
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The Atlanta Fed’s latest GDP growth estimate for the second quarter comes in at 2.7%, down from 3.5% on May 24. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.7% on May 31, down from…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
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(Bloomberg) — Asian stocks rose while the dollar fell on expectations of a rate cut from the Federal Reserve this year, and U.S. inflation data due this week are likely to indicate an easing of price pressure. Most read from Bloomberg Stock markets in Hong Kong, China, Australia, South Korea…
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Fed Gov. Waller: US financing pressures may contribute to rise in longer run neutral rate
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Fed Governor Waller speaks and says: US financing pressures may contribute to a rise in the long-term neutral rate in the coming years. Only time will tell how much the US fiscal situation will influence the neutral rate. If the supply of US Treasuries begins to exceed demand, this will…
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European Stocks Slip as Fed Rate Bets Pushed Back: Markets Wrap
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(Bloomberg) — European stocks fell on Friday, tracking declines in the U.S. and Asia, as traders retreated from expectations of the Federal Reserve’s first interest rate cut. Most read from Bloomberg The Stoxx Europe 600 index fell 0.5%, heading for its first weekly decline in three weeks, with technology and…
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Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
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Investing.com – The US dollar gave up some of the previous session’s gains on Thursday, but remained near a one-week high after minutes from the Federal Reserve’s latest meeting indicated US interest rates will remain high for some time. At 04:20 ET (08:20 GMT), the dollar index, which tracks the…
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European markets mixed as traders digest Fed minutes (EUR:USD)
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Caithpins/E+ via Getty Images LONDON (UKX) -0.19% UK Composite PMI fell to 52.80 points in May Germany (DAX:IND) +0.19% Germany’s composite manufacturing PMI beat expectations in May France (CAC:IND) +0.27% HCOB France Services PMI fell to 49.4 in May The Eurozone Services PMI (HCOB) reached 53.3 maybe. European STOXX 600…
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Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after its best day this month against its major counterparts after minutes of the Federal Reserve’s latest meeting revealed some officials were prepared to raise interest rates. The New Zealand dollar continued to rise…
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Dollar steady; Fed speakers could provide impetus By Investing.com
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Investing.com – The US dollar traded in a narrow range on Tuesday, holding steady as traders looked for new clues about the expected timing and extent of federal interest rate cuts this year. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…