Fed Chair Jerome Powell avoided discussing rate policy in his speech. Powell emphasized that the Fed’s independence was crucial to fight inflation. US inflation for December is expected to be 6.5%, down from 7.1% in November. Equities climbed on Wednesday while the dollar held steady as investors awaited US inflation figures for clues on the Read More…
Investors remain cautious ahead of important inflation data. Tokyo’s core consumer prices increased faster than anticipated (by 4.0%) in December. Investors are anticipating remarks from Fed Chair Jerome Powell. Equities futures prices declined on Tuesday following hawkish remarks by two US Federal Reserve officials. Investors were also wary ahead of important inflation data. “Equity market Read More…
Data from the United States revealed an increase in the labor force and a slowing of wage growth. The probability of a half-point rise in the fed funds rate has gone down to around 25%. China’s reopening also helped improve risk sentiment. Currency futures rose on Monday due to growing expectations that the Federal Reserve Read More…
Higher-than-expected employment gains may put pressure on Gold. James Bullard suggested that 2023 might eventually usher in some inflation relief. The number of Americans submitting new claims for unemployment benefits decreased to a three-month low last week. Gold prices pulled back slightly on Friday but were on course for a third consecutive weekly rise. Investors Read More…
Oil prices fell yesterday on concerns over a probable global recession. US manufacturing continued to decline in December, affecting oil prices. In anticipation of weak local demand, the Chinese government boosted export quotas for refined oil products. After two days of severe losses in oil prices, investors came out to buy dips on Thursday amid Read More…
The FOMC minutes will determine the future course of interest rates. Markets are already pricing in rate reductions by the end of 2023. The Fed will start easing its monetary tightening path when the jobs market weakens. Major Equity futures prices crawled higher on Wednesday while the dollar fell. Investors are eagerly awaiting the Federal Read More…
