Category: Fed
-
With the Bank of Canada, ECB and jobs in the rear view mirror, the Fed is ahead
•
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…
-
Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
•
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…
-
Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
•
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.…
-
Atlanta Fed GDPNow growth estimate for Q2
•
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…
-
UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
•
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…
-
Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
•
(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…
-
Fed Gov. Waller: US financing pressures may contribute to rise in longer run neutral rate
•
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…
-
European Stocks Slip as Fed Rate Bets Pushed Back: Markets Wrap
•
(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…
-
Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
•
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…
-
European markets mixed as traders digest Fed minutes (EUR:USD)
•
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…
-
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm By Reuters
•
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…
-
Dollar steady; Fed speakers could provide impetus By Investing.com
•
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…
-
Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
•
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…
-
Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
•
Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…
-
Cleveland Fed Pres. Mester: Monetary policies restrictive. Neutral rate may be higher
•
President of the Federal Reserve Bank of Cleveland. Speaking on Bloomberg TV, Meester says: Monetary policy is restrictive. Inflation progress stalled in the first three months The April CPI report was good news, but it is too early to know what path inflation is taking Labor markets have become more…
-
Dollar firm as investors await Fed guidance By Reuters
•
Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar rose against the euro on Monday, as investors awaited more clues to help them determine the course of U.S. interest rates, following cautious statements from Federal Reserve officials (the U.S. central bank) even as signs of a slowdown in…
-
Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
•
Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
-
Weaker loonie may not deter Bank of Canada diverging from the Fed By Reuters
•
By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times before the Federal Reserve’s first move before a currency decline threatens to jeopardize inflation expectations, the average estimate of seven analysts in an informal poll showed. The weakness of the Canadian…
-
Fed Gov. Bowman monitoring data to assess if policy is sufficiently restrictive
•
Michelle Bowman Fed Governor Bowman speaks and says: Observational data for policy evaluation are sufficiently restricted. Fundamental expectations are that inflation will fall further as interest rates hold but sees risks. Remaining cautious in interest rate change decisions, and being willing to raise interest rates if the progress of inflation…
-
Evercore ISI offers outlook for fed funds rate in each scenario By Investing.com
•
Although interest rates are at high levels, the economy has not weakened in the way many expected. In a research note, Evercore ISI examines the impact of the Fed’s fiscal policy on interest rates, noting that compared to the pre-Covid baseline, it is likely still stimulating the economy. In other…