Economic News

Investors are recalibrating their expectations for US rate cuts in response to rising Treasury yields and hawkish comments from a Federal Reserve official. Resilient consumer confidence data and higher rates in the US have heightened the risk of prolonged elevated rates. Remarks from Fed’s Neel Kashkari highlighted the central bank’s restrictive policy stance, with the possibility […]

The US dollar could face downward pressure later this week if the US core PCE deflator moderates, China’s PMIs show improvement, or euro-zone inflation re-accelerates due to statistical quirks. Traders are gearing up for a week packed with inflation data from Australia, Japan, the eurozone, and the US. The Federal Reserve’s preferred inflation gauge, the core Personal Consumption

Gold prices have retreated further from the all-time high of $2,450 set on Monday, amid a rebound in the US Dollar and rising US Treasury bond yields as risk sentiment sours. Despite the pullback, downside for gold appears limited as attention turns to upcoming Federal Reserve (Fed) speeches for policy cues. The week began with a

The prices of copper and gold surged to record highs, driven by growing optimism over potential interest rate cuts by the Federal Reserve. This sentiment has been shaping trading across financial markets, with traders refining their bets on the Fed’s anticipated pivot toward easing monetary policy. Gold soared to an all-time high on Monday, buoyed by hopes of

Investors hoping for Federal Reserve interest rate cuts are instead hearing a growing chorus of voices urging patience. Several Fed officials, including Loretta Mester, John Williams, and Thomas Barkin, have emphasized the need to keep borrowing costs elevated for a longer period, as they wait for clearer signs that inflation is easing. They caution that it

Investors are bracing for a pivotal week in the financial markets, with U.S. producer prices set for release on Tuesday, a key indicator of inflationary pressures. Adding to the anticipation, Federal Reserve Chair Jerome Powell is scheduled to speak, offering potential insights into the Fed’s policy stance. The spotlight will then shift to the consumer price index

Oil prices faced downward pressure on Monday, driven by weak Chinese economic data, as commodity traders eagerly anticipated the upcoming OPEC+ meeting to discuss supply policy. The market sentiment was influenced by conflicting statements from Iraqi Oil Minister Hayyan Abdul Ghani over the weekend. Initially, Ghani indicated that Baghdad had already implemented production cuts and

Fresh data reveals a surge in initial applications for unemployment benefits in the United States last week, reaching the highest levels witnessed since August and surpassing market expectations. This development, indicative of a cooling jobs market, bolsters the argument for potential interest rate cuts in the near future. In light of these figures, Mary Daly, President

Investors remain fixated on indicators hinting at a potential shift towards a more accommodative monetary policy, a trend that triggers a cascading effect of market reactions, complicating the landscape for policymakers. This cycle of anticipation often leads to exaggerated responses to even the slightest signals of easing. The sequence typically unfolds in the following manner:

The dollar extended its upward trajectory for the third consecutive session, finding support from stabilized Treasury yields. Additionally, comments from Federal Reserve Bank of Minneapolis President Neel Kashkari lent further strength to the greenback, suggesting that the central bank is inclined to maintain current interest rates “for an extended period of time.” Bank of Japan Governor