An up-to-the-minute news coverage curated by Newswella News from all over the world.
An up-to-the-minute news coverage curated by Newswella News from all over the world.
GOLD OUTLOOK & ANALYSIS Fed Chair Powell ramps up dovish bets. US ISM services PMI and NFP under the spotlight next week. Overbought gold could be heading lower next week. Elevate your trading skills and gain a competitive edge. Get your hands on the Gold Q4 outlook today for exclusive insights into key market catalysts …
Markets: S&P 500 up 27 points, or 0.6%, to 4603 Gold up $35 to $2071 WTI crude oil down $1.70 to $74.26 US 10-year yields down 13.3 bps to 4.56% AUD leads, EUR lags Welcome to the new month, same as the old month. The mood was to buy everything and sell oil, same as …
Traders appeared to shrug off Mr Powell’s comments, with money markets increasing bets that rates will be cut in March. This sent shares up further, with the S&P 500 rising by more than half a percent. Expectations of earlier rate cuts also hit the dollar, falling by more than one cent against the pound this …
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Jay Powell has sought to push back on speculation that the Federal Reserve had won its fight against inflation, even as traders boosted bets that the US central bank could start cutting interest rates …
It’s premature to say that mon pol is restrictive enough Fed will raise rates if needed to lower inflation Fed is making rate decisions meeting by meeting Uncertainty over economic outlook is ‘unusually elevated’ Fed funds range well into restrictive territory Fed has made considerable progress in lowering inflation Welcomes recent softening in inflation data …
AI image It’s a rare occasion that we get to see the Fed chair be the one to be last on the agenda before the blackout period goes into effect. But ahead of this month’s FOMC meeting, this will be one of those times. As such, Powell will have the chance to set to record …
Gold price falls on easing geopolitical tensions and hawkish remarks from Fed Powell on interest rates. US core inflation is seen growing at a steady pace. A slowdown in the progress of taming inflation could elevate hawkish Fed bets. Gold price (XAU/USD) has fallen to around $1,940 and it is exposed to more downside amid …
EUR/USD ANALYSIS Fed > ECB last week contributing to euro weakness. Euro & US CPI the main attraction this upcoming week. EUR/USD bears hopeful for downside breakout. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be …
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Federal Reserve Chair Jerome Powell reacts to introductory remarks before speaking on “Monetary Policy Challenges in a Global Economy” during the international Monetary Fund’s (IMF) annual research conference on “Global Interdependence” in Washington, U.S., November 9, 2023. REUTERS/Kevin Lamarque Acquire Licensing Rights A look at the day ahead in European and global markets from Ankur …
FTSE and global markets mixed as Fed chair Powell (L) warns that central banks might need to do more to tackle inflation. Photo: Susana Vera/Reuters (Susana Vera / reuters) The FTSE 100 and European stocks were lower this Friday as official figures showed the UK economy stagnated in the third quarter and Federal Reserve chair …