Category: Fed
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Dollar eases from 7-week highs as traders weigh Fed rate path By Reuters
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Written by Ankur Banerjee and Medha Singh SINGAPORE/LONDON (Reuters) – The dollar fell from a nearly seven-week high against major currencies on Tuesday after investors weighed expectations of a U.S. interest rate cut, even as geopolitical tensions in the Middle East continued to support the currency’s safe-haven appeal. The euro…
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Goldman Sachs on well above expectations US jobs report, see a 25bp Fed November rate cut
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Data linked from here: The jobs report came out very clear, beating even the highest estimates: (Note: If you don’t read posts like this from Giuseppe and I before important US economic releases, you will be blind) I’ve already posted some responses: And if you haven’t seen it, Goldman Sachs…
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Bitcoin Set To Rally As Analysts Back 25 Bps Cut By Fed
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The price of Bitcoin (BTC) saw a sharp decline last week, falling to a low of $60,000 on the basis of… Data from CoinMarketCap. However, the Bitcoin market has made some recovery in the last day in line with positive jobs data news from the US. In light of this…
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US Inflation Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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US Inflation Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report
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The Fed’s 2024 easing campaign may already be over Strong business report Friday highlights the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni. Further policy easing would risk sparking inflation as oil prices rebound and China seeks to stimulate its economy, according to the…
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Consumer credit and Fed speeches highlight Monday’s economic calendar By Investing.com
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As traders approach another pivotal day for the financial markets, a series of critical decisions and economic data releases that could impact market dynamics are expected on Monday, October 7, 2024. The economic calendar for the day includes important speeches from Federal Reserve officials and consumer data releases. Credit data,…
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JPMorgan now sees the Fed cutting by 25 basis points
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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3 cheap areas of the stock market to buy as the Fed unveils a ‘rare double whammy’ of stimulus, BofA says
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Ismagilov/Getty, Yellow Duck/Getty, Tyler Low/PI Bank of America said investors should snap up value stocks in three specific sectors. The company says it is poised to outperform as the Federal Reserve cuts interest rates while corporate profits continue to accelerate. Savita Subramanian, head of US equity strategy, refers to the…
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Fed Pres. Bosic: Is open to another 50 bp cut if labor market shows continued weakness
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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Prospect of Second Big Fed Cut Hinges on Powell and Jobs Report
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(Bloomberg) — Federal Reserve policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Most read from Bloomberg The Federal Reserve Chairman is scheduled to discuss the US economic outlook at…
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Two to watch – Fed Chair Powell speech and NFP are bookend focal points this coming week
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There will be previews for next week soon, but the two big events for next week are: Federal Reserve Chairman Powell discusses the US economic outlook at the National Association for Business Economics conference on Monday. This will be at 1300 EST on Monday, September 30 (1700 GMT). On Friday,…
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Powell Speech and Jobs Data to Help Clarify Fed Rate Path
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Breadcrumb links BMN Business Fed policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on September 28, 2024 • 6…
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Why Wells Fargo says investors have key decisions to make amid Fed easing cycle By Investing.com
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Investing.com – It may be time for investors to make key decisions about their alternative cash allocations and fixed income positions as the Federal Reserve begins a policy easing drive, according to analysts at Wells Fargo. In a note to clients, analysts said carrying cash provides investors with a steady…
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Dollar stabilizes after sharp rebound; Fed officials in focus By Investing.com
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Investing.com – The US dollar fell on Thursday, holding on after a sharp rebound overnight ahead of more speeches from key policymakers at the Federal Reserve. At 04:40 EDT (08:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 100.565, after…
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Wall Street mixed as investors await Fed rate clues, data By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Wall Street’s main indexes were mixed on Wednesday, with the index nearing a record high, as investors awaited more clues on the state of the economy and the next interest rate cut. The three main U.S. economic indicators rose to post…
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Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
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Roberto Perli, director of the Federal Reserve Bank of New York’s open market account, said in a speech Tuesday that markets do not view the 50 basis point rate cut by the Federal Open Market Committee as an indication of the strains facing the economy. Reuters with informationor: Market intelligence…
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What does a dovish Fed mean for Asia FX? Goldman Sachs answers By Investing.com
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Goldman Sachs said the U.S. Federal Reserve’s first rate cut in more than four years has eased market fears of a recession, with improved risk appetite likely to boost interest-rate-sensitive Asian currencies. GS said in a recent note that it expects many emerging market currencies in Asia to outperform, while…