Trump says he won't seek to remove Fed chairman Powell
President-elect Trump said in a new interview that he has no intention of trying to remove Fed Chairman Jerome Powell, who takes office next year. President Trump: “No, I don't think so. I don't know.” told Kristen Welker In “Meet the Press”. President Trump said, “If I tell him that, he will. But if I […]
The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts at the end of the year
227,000 jobs were added to the economy in November. (iStock ) In November, the number of employees increased more than initially expected. Nonfarm employment increased by 227,000 people, and the unemployment rate rose slightly to 4.2%. Published by the U.S. Bureau of Labor Statistics.. Healthcare, services, and government industries were the main drivers of employment […]
Gold stalls intraday recovery as traders await US NFP report for Fed rate cut cues – FXStreet
Gold prices have been steadily recovering from Friday's lows in more than a week. Softer risk tone, geopolitical risks and trade war concerns are benefiting safe-haven commodities. We are betting on a non-dovish Fed cap to move higher on XAU/USD ahead of the important US NFP report. Gold prices (XAU/USD) have struggled to capitalize on […]
Fed chair says central bank ‘can afford to be a little more cautious’ in cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday that the economy is stronger than it was in September, when the central bank began cutting interest rates, and that policymakers may be wary of cutting rates further. “We can afford to be a little more cautious as we strive for neutrality,” Powell said at a New York […]
The Fed Should Take a Long Winter’s Nap
Fed leans back on another mistaken rate cut Fed officials appear intent on repeating the mistakes of September and November by cutting rates again next time. Economic indicators clearly need a pause. Fed Governor christopher wallerSpeaking in Washington, he announced tentative intentions to cut interest rates at the Federal Open Market Committee meeting in December, […]
Job Openings Rise in October, Casting Wisdom of Fed Cuts Into Doubt
The U.S. labor market showed signs of stabilizing in October, with job openings rising and voluntary resignations reaching a five-month high, according to data released Tuesday by the Labor Department. According to the monthly Job Openings and Labor Turnover Survey (JOLTS), the number of job openings rose to 7.74 million from 7.37 million in September. […]
Gold (XAU) Price Forecast: Will Jobs Data Push the Fed to Cut Rates and Lift Gold? – FX Empire
If the report shows strong job growth and suppressed unemployment, it could reduce the odds of a December rate cut. Such an outcome would likely strengthen the dollar and weigh on gold prices by increasing the opportunity cost of holding non-yielding assets. Conversely, a weaker-than-expected employment report could raise expectations for a rate cut, weakening […]
Gold prices rebound amid geopolitical tensions, Fed dovish bets – FXStreet
Gold rose 0.67% in late trade, but remains above $2,600 despite a monthly decline due to geopolitical tensions. The escalating conflict between Russia and Ukraine and tensions in the Middle East highlight the appeal of gold as a safe haven. Markets are increasingly optimistic that the Fed will cut rates by 25 basis points in […]
Lowe’s Goes All Out To Make Sure People Are Fed On Thanksgiving
Iconic American company Lowe's Home Improvement hopes to distribute 3,000 free meals to families on Thanksgiving at six locations in North Carolina. Home improvement company hired local restaurants to prepare these meals for needy people, WSOC-TV reported Tuesday. Local restaurants selected by Lowe's as we recover from Hurricane Helen. “This is huge,” Brian Stause of […]
Inflation Is Making a Fool of the Fed
Inflation rises again of Inflation has accelerated since the Federal Reserve cut interest rates. Statements in September suggest this move was a mistake. of personal consumption expenditure The PCE index rose 2.3% in the 12 months through October, up from 2.1% in September, the U.S. Bureau of Economic Analysis said Wednesday. Core PCE prices, excluding […]