Category: rate
-
Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
•
By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
-
U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
•
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…
-
U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
•
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…
-
“Persistent” inflation in the US is on the rise – argues against a 50bp FOMC Sep rate cut
•
This tweet is from Nick Timeraos, a Wall Street Journal Fed watcher: Although the data relates to July (with the upwardly revised June result added), the Fed released it on September 3. If you’re familiar with this measure of inflation, this rise provides another reason why speculation of a 50…
-
Bitcoin Might Not Benefit From Federal Reserve Rate Cuts, Former BitMEX CEO Explains Why
•
Arthur Hayes, co-founder and former CEO of cryptocurrency exchange BitMEX, recently took to X Explains Why he believes that the expected interest rate cuts by the US Federal Reserve may not have the expected impact on the price of Bitcoin. Lowering interest rates is not a magic solution to Bitcoin’s…
-
Chile’s central bank has cut its benchmark rate to 5.5%, from 5.75%
•
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…
-
BoI Governor: No rate cut until second half 2025
•
Bank of Israel Governor Prof. Amir Yaron told Globes that any interest rate cut may not come before the second half of 2025, if inflation moderates. The Monetary Committee of the Bank of Israel decided yesterday to keep the interest rate unchanged at 4.5%. The absence of a 2025 budget,…
-
How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In
•
With a US Federal Reserve rate cut fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker, have now shared their predictions. prediction About how this development will affect the price of Bitcoin. According to analysts, the upcoming US non-farm payrolls report and GDP data…
-
Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year
•
As global economic uncertainty looms, Bitcoin (BTC) has seen increased volatility and struggles to maintain its foothold above critical resistance levels it lost over the past month. The largest cryptocurrency in the market remains in a precarious position, but emerging signs could bode well for Bitcoin’s price and the broader…
-
Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year
•
As global economic uncertainty looms, Bitcoin (BTC) has seen increased volatility and struggles to maintain its foothold above critical resistance levels it lost over the past month. The largest cryptocurrency in the market remains in a precarious position, but emerging signs could bode well for Bitcoin’s price and the broader…
-
Bank of Israel keeps rate unchanged, sees inflation rising
•
The Monetary Committee of the Bank of Israel announced that it left the interest rate unchanged at 4.5%, as expected. This is the fifth time in a row that the Bank of Israel has kept the interest rate unchanged, after cutting it from 4.75% in January. The Bank of Israel…
-
Bitcoin Bears Dominate On Binance, Why Is Funding Rate Positive?
•
Bitcoin is still stable at the time of writing, but is under massive selling pressure after the August 27 liquidation. Technically, there is some weakness. However, this outlook will change when Bitcoin bulls push prices above the immediate resistance level at $66,000. This reaction point represents the high of August…
-
BOJ maintains rate hike outlook despite yen surge — MUFG
•
USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
-
BOJ maintains rate hike outlook despite yen surge — MUFG
•
USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
-
UBS sees EUR/CHF slipping amid rate cuts By Investing.com
•
UBS revised its forecast for the currency pair down slightly to 0.93 in the second half of 2024. The soft landing of the global economy has been good for the euro, but disappointing growth prospects in Europe have limited the pair’s advance. After recovering from a low of 0.92 in…
-
US stocks tread water with Nvidia, rate cuts in focus
•
Consumer confidence rose more than expected in August, although consumers’ assessment of the labor market remained weak. the Last indicator reading The U.S. manufacturing purchasing managers’ index came in at 103.3, up from 101.9 in July and above the 100.7 forecast by economists surveyed by Bloomberg. “Consumer confidence rose overall…
-
Will rate cuts make Asian small caps more attractive? Bernstein weighs in By Investing.com
•
The prospect of lower interest rates in the coming months is a favorable environment for small-cap stocks in Asia, although some risks to that trend remain, Bernstein wrote in a note. Japan and some economies in the Association of Southeast Asian Nations (ASEAN) region have shown positive growth trends, reflecting…
-
Currencies tread water as Middle East risks temper rate cut optimism By Reuters
•
Written by Ray Wee SINGAPORE (Reuters) – The dollar edged up on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partly overshadowed investor optimism about an imminent U.S. interest rate cut. Geopolitical risks kept early currency moves subdued, although fears of an escalation…
-
Asia FX firms, yen strong as rate cut bets put dollar at 13-mth low By Investing.com
•
Most Asian currencies rose on Monday, with the Japanese yen rising sharply amid growing bets that the Federal Reserve will cut interest rates in September, putting the dollar at a 13-month low. Most regional currencies extended their gains from last week, especially after comments from Federal Reserve Chairman Jerome Powell…
-
Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
•
Breadcrumbs Path Links PMN Business Before the trading day begins, we provide you with a summary of the major news and events that are likely to move the markets. Today we take a look at: Article author: Bloomberg News Chiranjeevi Chakraborty and Ashutosh Joshi Published on August 25, 2024 •…