Category: Fed
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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…
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Last Fed rate cut sent Cardano crashing 57% – what about now?
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Cardano dropped 57% when the Federal Reserve cut interest rates in 2019. With another rate cut on the horizon, the cryptocurrency is facing a similar setup that could lead to a significant decline. Cardano Prepares for a Decline in September In May 2019, the Fed began its first interest rate…
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U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
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The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
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U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
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The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
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Former Fed Pres. Mester on CNBC:There will be a discussion on 25 or 50 bps at FOMC meeting
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Today, the Fed talk is quiet, but former Cleveland Fed President Loretta Mester (she recently retired from the Fed) is on CNBC. Functional work will be an important part of the puzzle. There will be a discussion about whether they want to start with a 25 or 50 basis point…
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US dollar rises broadly as inflation data underpins smaller Fed cut By Reuters
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By Gertrude Chavez Dreyfus NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed a key measure of inflation came in in line with expectations, while personal spending and income increased, supporting expectations that the Federal Reserve will likely cut interest rates by a smaller 25 basis…
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US dollar rises broadly as inflation data underpins smaller Fed cut By Reuters
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By Gertrude Chavez Dreyfus NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed a key measure of inflation came in in line with expectations, while personal spending and income increased, supporting expectations that the Federal Reserve will likely cut interest rates by a smaller 25 basis…
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Dallas Fed trimmed mean PCE price index for July 1.7% versus 1.8% in June
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Average 12-month reduction was 2.7% versus 2.8% previously. Looking at the data, we see some notable changes: Eggs: a massive 90.9% increase (1-month annual change) Window coverings: significant decrease of -27.3% Used Cars: Huge drop of -25.2% Jewelry: Significant decrease of -20.4% Natural Gas: Down -7.7% Physician services: slight decrease…