New home sales, prices dropped ahead of Fed rate cut
Sales of new U.S. single-family homes fell in August, but lower mortgage rates and home prices could stimulate demand in coming months. The Commerce Department's Census Bureau said Wednesday that new home sales last month fell 4.7% to a seasonally adjusted annual rate of 710,600. The July sales pace was revised upward to 751,000 from […]
US Dollar declines after weak data, Fed battles against dovish bets – FXStreet
The DXY fell, dropping to 100.60. The Conference Board's September consumer confidence index came in below expectations. Fed chairs are currently battling dovish market expectations. The US Dollar Index (DXY), which measures the greenback's value against a basket of six currencies, recorded a slight decline on Tuesday after the release of The Conference Board's consumer […]
Gold News: Bullish Sentiment as Fed Cuts and Middle East Tensions Lift Prices – FX Empire
Technically speaking, traders should not complicate this trade. Simply put, “the trend is on your side.” If traders are buying at the lows, keep an eye on support. The first minor support level is at $2593.52, followed by the swing bottom at $2546.86 and the previous top at $2531.77. Major support is at the 50-day […]
Biden administration gets boost from Fed rate cut
The Biden administration has touted confidence in the economy after interest rate cuts by the Federal Reserve helped spur a rise in stock prices. Markets surged last week after the Fed cut interest rates for the first time in more than four years, ushering in a new era for the economy as Democrats praised the […]
US stock futures tick lower with more Fed cues in focus – Investing.com
Investing.com — U.S. stock index futures were slightly lower in evening trading on Monday as Wall Street stabilized near record highs and attention focused on further signals from the Federal Reserve on upcoming interest rates. Wall Street is off to a sluggish start this week, recovering slightly from Friday's declines but still has its sights […]
Silver (XAG) Forecast: Will Inflation Concerns and Fed Policies Drive Silver Prices Higher? – FX Empire
Daily Silver (XAG/USD)Exchange traded fund (ETF) inflows, while not dramatic, supported the price movement. Meanwhile, demand from Asia remains weak as buyers remain reluctant. Technical indicators point to silver's next resistance levels at $31.76 and $32.52, and if momentum continues, it could rise towards $35.00. Geopolitical risks and a weak dollar continue to drive gains […]
$9 Trillion BlackRock Picks Bitcoin As Protection Against Fed Dollar Crisis – Bitcoinist
Black Rock The $9 trillion asset management firm's choice of Bitcoin as a hedge against a sudden crisis has strengthened the notion that Bitcoin may be the future of the financial sector. Federal Reserve Dollar Crisis. BlackRock turns to Bitcoin for safety Concerns The collapse of the US Dollar (USD) Concerns about Bitcoin are rising […]
Explained: Why the Fed lowering interest rates might be a BAD sign …
when Glenn Beck “This is election interference by the Fed,” was his first thought when he first heard the news that the Federal Reserve had cut interest rates by half a percentage point, the first cut since 2020. His second thought is that the last time the Fed did this, it didn't have good results. […]
Everyone Agrees the Fed Cut Was a Gift to Kamala Harris
The Fed's rate cut was a 'boon' for Harris' team Supporters of Kamala Harris and Donald Trump found something they could agree on: the Federal Reserve's half-point interest rate cut this week. Political gifts for Harris. “This is really a political move,” Trump said in an interview with Newsmax on Thursday. “Most people thought it […]
Biden Confusingly Makes False Claim He Never Met With Fed Chair Powell
President Joe Biden appeared to forget on Thursday that he had met with Federal Reserve Chairman Jerome Powell just two years ago. “I have never spoken to the Fed chairman since I took office,” Biden falsely stated in a speech to the Economic Club of Washington. Biden met with Powell in the Oval Office in […]