The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory. The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the S&P 500 and Nasdaq 100 indexes advanced on further … Read more
“I think July is a tough call now, although the payroll numbers on Friday will give us another clue on that. But I think they will cut twice before the end of the year, probably in September and December,” says Geoff Dennis, Independent EM Commentator.Just wanted your interpretation of the Fed minutes coming in and … Read more
U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve‘s most recent meeting but Nvidia‘s shares rose about 6% after the close on the semiconductor bellwether’s stronger-than-expected revenue forecast. The news also drove gains in other chipmakers. Investors had focused on whether Nvidia‘s first-quarter results could meet sky-high expectations and whether the … Read more
Federal Reserve officials agreed at their last policy meeting they could take a cautious approach to raising U.S. interest rates moving forward, and would only need to move them higher “if” incoming information showed insufficient progress in lowering inflation. “All participants agreed that the (Federal Open Market) Committee was in a position to proceed carefully,” … Read more
New York: US consumer inflation slowed in March, according to data released Wednesday, but remained well above the Federal Reserve’s target despite numerous interest rate hikes over the last year. The rate of inflation year-over-year fell to 5.0 percent last month from 6.0 percent in February, the smallest 12-month increase since May 2021, according to … Read more
“I think we have been seeing that not only debt but the returns across asset classes are in a very narrow range whether it is debt, whether it is expectation on gold or real estate and as a result investors will probably look to diversify across asset classes and try to really reduce the overall … Read more
Most Federal Reserve officials agreed at their gathering this month that the central bank needed to tighten in half-point steps over the next couple of meetings, continuing an aggressive set of moves that would leave policy makers with flexibility to shift gears later if needed. “Most participants judged that 50 basis-point increases in the target … Read more
Federal Reserve officials widely concluded that they had attained their inflation goal while still needing progress on their employment mandate, the record of their July meeting showed. “Most participants judged that the Committee’s standard of ‘substantial further progress’ toward the maximum-employment goal had not yet been met,” minutes of the Federal Open Market Committee’s July … Read more
Federal Reserve officials expected to continue to make progress on reaching its threshold to scaling back their massive asset purchases, a record of their June gathering showed. “The Committee’s standard of ‘substantial further progress’ was generally seen as not having yet been met, though participants expected progress to continue,” according to minutes from the June … Read more