Category: Fed
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Bitcoin Surges to $60,000 as Markets Brace for Potential Fed Rate Cut
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Bitcoin has surged to $60,000, supported by expectations of a Federal Reserve rate cut next week. Bitcoin’s rise comes as markets brace for a 25-50 basis point rate cut, a move that many believe could boost the value of bitcoin and riskier investments. Earlier this summer, Federal Reserve Chairman Jerome…
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Goldman Sachs sees a 25 basis point cut from the Fed next week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
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(Bloomberg) — Wall Street traders renewed expectations for a half-percentage-point interest-rate cut by the Federal Reserve next week, spurring trading in stocks that would benefit most from policy easing. Most Read from Bloomberg Economically sensitive stocks outperformed the tech giants that led the bull market rally, with the Russell 2000…
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US stocks open higher with Fed interest rate cuts in focus By Investing.com
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U.S. stocks rose at the open on Friday, as investors clung to expectations of lower interest rates ahead of a Federal Reserve meeting that could herald a broader easing cycle. Wall Street largely shrugged off some strong readings on consumer and product inflation this week, with technology stocks rising, buoyed…
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USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD
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Basic Overview Yesterday, around 1:00 p.m. EST, Timeraus of the Wall Street Journal published an article that seemed to suggest that a 50 basis point rate cut was still under discussion. The market responded by raising the odds of a 50 basis point rate cut to around 43% from 13%…
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Strong case for 50 bp Fed cut, says former NY Fed chief Dudley By Reuters
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SINGAPORE (Reuters) – There is a strong case for a 50 basis point cut in U.S. interest rates, former New York Federal Reserve President Bill Dudley said. “I think there is a strong case for the 50, whether they do it or not,” he said at the Bretton Woods Committee’s…
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Wall Street Journal Fed watcher asks on FOMC rate cut next week – Start small or big?
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Nick Timiraos in magazine (Closed) Writes about the Federal Reserve’s questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week’s meeting. He says: Powell kept all his options open. The Fed is concerned about keeping interest…
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Wall Street indexes close up; data keeps smaller Fed rate cut in view By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed higher on Thursday after the latest inflation data boosted expectations for a 25 basis point interest rate cut by the U.S. Federal Reserve, while accident (NASDAQ:) Weak revenue expectations made it the biggest percentage loser. The producer…
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WSJ Timiraos: Fed has a rate cut dilemma. Go big or go small
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The Wall Street Journal published an article by Timiraos analyzing the upcoming Fed rate decision. The title of the article says it all, as the author describes the decision as a dilemma. Should the Fed make a big or small decision (or 25 basis points or 50 basis points). Some…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…
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Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Asia FX muted, dollar advances with inflation, Fed on tap By Investing.com
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Investing.com – Most Asian currencies moved little on Tuesday, while the dollar rose in anticipation of key inflation data that is likely to influence U.S. interest rate expectations. Most regional currencies suffered some losses over the past week as risk appetite declined due to concerns about deteriorating global economic conditions.…
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It “wouldn’t take much for the Fed to be behind the curve”, then “a string of 50bp cuts”
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Interesting quote from Deutsche Bank, predicting a 25bp rate cut in the future, but read on for the “however”. DB Bank says that while Friday’s payrolls report was disappointing: But the data did not rise to the “significant deterioration” Waller referred to, which would have been required for a further…
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New York Fed: 1 year inflation expectations unchanged at 3.0%.3-year up to 2.5% from 2.3%
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Stocks Drop as Jobs Data Adds to Case for Fed Cuts: Markets Wrap
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(Bloomberg) — Asian stocks fell Monday after U.S. jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Most Read from Bloomberg Stocks in Australia, Japan and South Korea posted losses in early trade, while U.S. futures were little changed. The dollar…
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ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
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Breadcrumbs Path Links PMN Business The European Central Bank is likely to cut interest rates on Thursday in preparation for the US move the following week, with the global monetary cycle tilting towards more synchronised easing. Article author: Bloomberg News Craig Sterling and Vince Gull Published on September 07, 2024…
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Fed pivot, lower rates could be catalysts for ‘Green’ stocks
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Clean energy has burned many investors when easy money choked, according to Citi Research, but in the near term, a Fed shift and rate cuts could still be a catalyst for the broader green theme. “We are still not broad-based buyers of ‘green’ per se, but we see opportunities within…
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The Fed is in a tricky spot – CIBC
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There is an undercurrent in economic circles right now that basically boils down to this: The Fed should cut rates by 50 basis points, but it is more likely to cut them by 25 basis points. Rick Rader of BlackRock Bloomberg was on Earlier today, CIBC made this point, as…