Category: Fed
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Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1%
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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.…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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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,…
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Dollar pares losses as Fed officials project only one rate cut this year By Reuters
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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.…
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Dollar falls after CPI, Fed meeting; PPI release due By Investing.com
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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…
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Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year
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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…
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Dollar gains on hawkish Fed, even as inflation cools By Reuters
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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,…
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What now after the US CPI and Fed showdown yesterday?
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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.…
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Canadian dollar underperforms as the Fed gets a greenlight to cut
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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…
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Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
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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,…
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Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
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(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…
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Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
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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…
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Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
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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…
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US stock futures steady after AI rally; Fed rate decision, CPI on tap By Investing.com
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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:)…
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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.…