Category: Fed
-
Fed minutes the big one to watch on the economic calendar next week
•
And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
-
Dow hits 40,000 for the first time on Fed rate cut hopes
•
The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday as investors grew more confident that the stock market’s rally could continue on hopes that the Federal Reserve will begin cutting interest rates later this year. The oldest of Wall Street’s three major stock indexes has…
-
UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
•
UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…
-
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
•
Mike Novogratz, CEO of Galaxy Digital, believes that Bitcoin’s price action will continue for a long period of sleep until the market “narrative” can rear its head. This narrative could come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on cryptocurrencies.…
-
Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
•
President of the Federal Reserve Bank of Chicago. Goolsbee speaks ahead of his moderated discussion with CNBC Liesman. The Fed’s inflation target is 2% after that as it is based on expectations Short-term inflation expectations are not what matters Unsurprisingly, the one-year forecast was higher At the moment there is…
-
Futures rise ahead of data, speeches from Fed officials By Reuters
•
(Reuters) – US stock index futures rose on Friday, with focus on the speeches of Federal Reserve officials (the US central bank) after economic data issued this week supported bets on lowering US interest rates and raised investor sentiment. Wall Street indexes returned to record levels after last month’s sell-off,…
-
Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
•
Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
-
Dollar pushes higher; Fed speakers in focus By Investing.com
•
Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
-
Sweden breaks tradition to cut interest rates before the Fed but will it pay off?
•
Sweden took the bold step of cutting interest rates, which surprised some analysts and marked a new phase in global monetary policy that could accelerate economic expansion or return countries including the United States to a more cautious approach. Riksbank Moved in Thursday morning He cut the base interest rate…
-
Greenback strength to persist on delayed Fed rate cut calls By Reuters
•
Written by Sarobiya Ganguly BENGALURU (Reuters) – The US dollar’s rise will remain steady and may trade more strongly than expected in the coming months if policies from the Federal Reserve and other major central banks diverge, according to forex strategists polled by Reuters. The dollar has recovered from the…
-
April US jobs report shows looser labor market, good news for Fed By Reuters
•
(Reuters) – U.S. job growth slowed more than expected in April and annual wage gains slowed, signs of a more resilient labor market that are good news for markets and the Federal Reserve, which will likely require more of these signals before shifting from higher policy to higher policy. Longer…
-
European shares slip at open in earnings tide, Fed outcome By Reuters
•
(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…
-
Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
•
Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
-
Stocks rally after Fed decision as Powell soothes rate nerves
•
I’ve always been very critical of Starbucks (SBUX). I remember working for the company as a stock analyst and spending weeks inside its stores studying the workflow in each department. It was an extreme exercise that won me no fans among Starbucks management (especially with former CEO Howard Schultz), but…
-
Bitcoin tumbles below $57,000 on day of Fed meeting
•
Bitcoin appears to be on a path that contradicts the bullish outlook many investors had after the network halving on April 19. The coin fell 11% in the last day, trading at $56,889 on Wednesday afternoon, according to CoinGecko data. The cryptocurrency was trading at around $64,000 on the halving…
-
Atlanta Fed GDPNow Q2 growth estimate dips to 3.3% from 3.9%
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
-
Dollar near five-month highs ahead of Fed policy decision By Reuters
•
Written by Alun John LONDON (Reuters) – The dollar rose towards its highest levels this year against a basket of its counterparts and US stock futures fell on Wednesday ahead of the Federal Reserve’s monetary policy decision, although trading was weak with many European and Asian markets closed. . The…