Category: rate
-
US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
•
U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
-
US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
•
U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
-
Powell’s Path: Rate cuts and economic outlook after Jackson Hole Summit
•
The Jackson Hole Summit concluded, highlighting Fed Chair Powell’s speech on Friday, in which he explicitly laid out the path for a September rate cut. The cut would be the first policy change since July 2023, when the Fed raised rates by 25 basis points to a high target of…
-
Column-US rate shift infects dollar, but prognosis isn’t terminal: McGeever By Reuters
•
By Jamie McGeever ORLANDO, Fla. (Reuters) – The dollar has been hit hard by aggressive repricing of U.S. interest rate expectations but it is likely too early to write off the greenback. The dollar is currently at its weakest level this year against a basket of major and emerging market…
-
Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week
•
Breadcrumbs Path Links PMN Business Next week’s U.S. inflation figures will reinforce the fact that long-awaited interest rate cuts are coming soon, while a reading on consumer spending suggests the central bank has managed to keep the expansion intact. Article author: Bloomberg News Vince Juul and Andrew Langley Published on…
-
Dollar to remain elevated in spite of rate cuts By Investing.com
•
Despite expectations of a significant rate cut by the Federal Reserve in 2024 and 2025, analysts at Wells Fargo Investment Institute expect the US dollar to remain high. Analysts cited the reasons behind the forecast in a note dated Monday, focusing on interest rate differentials, global economic conditions, and the…
-
S&P 500 gains 1.4% in weekly rise, with fuel from the Fed greenlighting rate cuts
•
The Standard & Poor’s 500 Index (SP500) rose 1.44% on Friday for the week to close at 5,634.61 points, gaining in three of the last five sessions. The accompanying SPDR S&P 500 ETF Trust (New York: Spy) rose by 1.41% during the week. Wall Street Reference index (sb 500The index…
-
IMF chief economist says Bank of Japan rate hikes a good development for Japan
•
The Bank of Japan could continue to raise interest rates gradually at a “data-dependent” pace, IMF chief economist Pierre-Olivier Gourinchas told Reuters in an interview at the annual Jackson Hole Economic Symposium on Friday: Inflation is above the bank’s 2% target. Inflation expectations have started to move “perhaps even slightly…
-
Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes By Investing.com
•
Most Asian currencies rose on Friday as the dollar’s recovery slowed ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell, where he is expected to provide further signals on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this…
-
Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
•
Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
-
Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
•
Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
-
Nasdaq falls 1%, S&P drops as markets await Powell’s rate signals at Jackson Hole
•
Major U.S. stock indexes fell on Thursday, with losses deepening ahead of Federal Reserve Chairman Jerome Powell’s speech on monetary policy at the central bank’s Jackson Hole Economic Symposium. Nasdaq Composite Index (Compound: Indian) -1.2%Standard & Poor’s 500 Index (SP500)) He was -0.7%and the Dow Jones Industrial Average (DJI) -0.6%with…
-
Asia FX weakens as dollar recovers from 3 days of losses; rate cuts in focus By Investing.com
•
Most Asian currencies fell on Thursday as the dollar rose from seven-month lows amid some cheap buying, although traders remained largely biased against the greenback amid expectations of interest rate cuts. The Japanese yen retreated after posting strong gains this week, although sentiment towards Japan was supported by positive PMI…
-
Rupee dips; forward premiums rise amid near certainty on Fed rate cuts By Reuters
•
Written by Nimesh Vora MUMBAI (Reuters) – The Indian rupee fell slightly on Thursday as a rally in peer Asian currencies paused, while futures premiums rose after Federal Reserve minutes and downward revisions to U.S. payrolls pushed it close to two-week lows. The Indian rupee was at 83.9425 per US…
-
PBOC is expected to set the USD/CNY reference rate at 7.1226 – Reuters estimate
•
The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
-
Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
•
Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
-
Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
•
Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
-
Fed’s Bowman says she remains wary of future rate cuts
•
And my siblings U.S. Federal Reserve Governor Michelle Bowman on Tuesday expressed caution about future interest rate cuts, citing the risks of higher inflation. Bowman has been one of the central bank’s most hawkish members, giving few signs of her willingness to support a rate cut at the Fed’s meeting.…
-
Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
•
By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
-
Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
•
By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…