US Dollar Index (DXY) moves down to 98.50 as uncertainty surrounds the next Fed Chair
The dollar continued to decline on Wednesday, as focus shifted to potential candidates for Fed Chairman. Trump is likely to nominate someone aligned with his agenda, which seeks broader support for lower fees. Weak US economic data has reignited concerns about stagflation. On Wednesday, the US dollar was trading lower, influenced by recent macroeconomic data […]
Powell’s Fed is stifling growth just as the recovery begins.
Just two days after Federal Reserve Chairman Jerome Powell chose to keep interest rates unchanged, the Bureau of Labor Statistics released some disappointing news regarding the US economy. In July, job creation fell significantly short of expectations, with adjustments revealing a weaker job market in both May and June. The unemployment rate for July now […]
Pound Sterling rises past 1.3305 as investors look forward to Fed board appointment
GBP/USD is expected to settle around 1.3305 during Wednesday’s Asian session. Trump plans to announce a new federal governor by the end of the week. The Bank of England (BOE) is anticipated to lower its base rate to 4.00% at the upcoming August meeting. During Asian trading hours on Wednesday, the GBP/USD pair is projected […]
Australian Dollar rises as US Dollar softens from cautious Fed policy perspective
The Australian dollar is set to gain more appeal as the outlook for risk improves, coinciding with a rising likelihood of a Federal Reserve rate cut in September. Australia’s AI Group Manufacturing PMI saw a rise of 4.9 points, while the industry index climbed 5.8 points in July. Trump is likely to reveal candidates for […]
US Dollar Index shows slight increases above 98.50 as traders look forward to the new Fed Governor.
The US Dollar index is expected to hold around 98.80 during Wednesday’s Asian trading session. Trump has taken Scott Bescent off his list of nominees and will announce a new Federal Reserve Chairman soon. Traders are likely to anticipate a Federal Reserve rate cut in the near future. The US Dollar Index (DXY), which measures […]
GBP/USD rises as US data declines, concerns about Fed credibility grow
GBP/USD stands at 1.3305 as the US dollar slightly retreats, up by 0.07%. The US ISM Services PMI has dipped to 50.1, falling short of the 51.6 expectation. The market suspects that the firing of the BLS chief and Coogler’s resignation have affected the credibility of the data. The BoE anticipated a 90% probability of […]
Disappointing July jobs data raises expectations for a Fed rate cut in September
Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, recently joined a discussion to evaluate how investors perceive the market after conflicting employment reports. The recent employment data has led the market to increasingly anticipate interest rate cuts by the Federal Reserve at their upcoming meeting in September. This change follows the Federal Open […]
Fed up with reaching 10,000 steps daily? You might consider this goal instead, according to research.
There’s been a lot of chatter about getting those thousands of steps in daily, right? You probably check your smartwatch to keep track, aiming for that ever-looming benchmark. But—here’s a thought—if hitting 10,000 steps feels overwhelming, new research suggests you might still reap significant benefits with fewer steps. An interesting study led by Professor Melody […]
Tariff Doubts Are a Minor Issue, Fed Deserves Praise for ‘Gentle Landing’
Sen. Kennedy Discusses Economic Outlook on Fox News During an appearance on Fox News Channel’s “America Reports,” Senator John Kennedy from Louisiana shared his perspective on the current state of the economy. He noted that while tariff uncertainties are “holding our economy down a bit,” he hasn’t observed any significant negative impacts. Additionally, he offered […]
Senior Fed Official Resigns, Presenting Trump with Important Position to Appoint
Federal Reserve Board Member Steps Down Adriana Coogler will resign from her role at the Federal Reserve later this month, the organization announced on Friday. Coogler has been part of the board since September 2023 and is set to return to Georgetown University as a professor this fall. In a statement, she expressed her gratitude […]