The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in the 12 months through September. Economists … Read more
Global stock markets steadied on Thursday after the Federal Reserve cut interest rates but investors were circumspect after the world’s biggest central bank signalled a measured approach to further monetary policy easing. U.S. equity futures advanced 0.3%, after a uneven session on Wall Street overnight, while shares in Korea and Taiwan led gains in Asia, … Read more
The U.S. dollar softened on Thursday in a volatile week as investors contended with bond market jitters while weighing data that showed a weakening labour market, which reinforced expectations the Federal Reserve will cut rates this month. With the Fed focused on the labour market, Friday’s crucial jobs report will set the tone for the … Read more
Global markets ended the week on a firm note as U.S. Federal Reserve Chair Jerome Powell signaled that the central bank remains open to cutting interest rates in the near term, raising hopes of a September move. His remarks at the Jackson Hole Symposium lifted sentiment across Wall Street, with spillover effects seeming to be … Read more
“The payroll employment number is expected to bounce back, and as a result, I am not convinced that the Fed will actually cut rates. I know the markets think so, but I humbly and respectfully disagree,” says Ed Yardeni, Yardeni Research. Let me have your views on the upcoming Jackson Hole Symposium and what commentary … Read more
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve‘s Jackson Hole annual symposium later this week for clues on the path for monetary policy. A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any … Read more
SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump’s pick to fill a coming vacancy on the Federal Reserve‘s Board of Governors. Trump said on Tuesday he will decide on a nominee by the end of the week and had separately narrowed the … Read more
Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields, as investors looked for progress in trade talks ahead of an August 1 deadline. FUNDAMENTALS * Spot gold was steady at $3,390.73 per ounce, as of 0112 GMT, after hitting its … Read more
“The Fed is supposed to be independent. It is not supposed to play politics and Trump is risking reducing the credibility of the Fed and which has an impact obviously on the bond market, on the currency markets, on all the financial markets by continuing to bash Powell,” says Ed Yardeni, Yardeni Research.Let us first … Read more
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump‘s calls for immediate cuts. “For the time being, we are well positioned to wait to learn more about … Read more