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Tag: Fed

Gold price bulls not ready to give up despite bets for smaller Fed rate cuts – FXStreet

Gold prices have attracted some bullish buyers, halting declines from Monday's more than one-week high. Geopolitical risks will drive flows into some havens, but a stronger U.S. dollar could limit commodity gains. Signs of a slowdown in China, the largest consumer of bullion, could put further pressure on XAU/USD. Gold prices (XAU/USD) retreated intraday from […]

Gold surges on mixed US data, increased Fed rate cut speculation – FXStreet

Gold rose 1% on Friday and is on track to end the week up 0.20%. US PPI data is slightly better than expected, suggesting inflation is falling but stalling above target, while UoM consumer sentiment highlights concerns over rising costs of living I'm doing it. Despite rising U.S. Treasury yields, with the 10-year note rising […]

Dollar Extends Weekly Gaining Trend as Traders Trim Fed Cut Bets – Yahoo Finance

(Bloomberg) — Traders are pushing the dollar toward a second straight week of gains as they anticipate a slowing pace of interest rate cuts by the U.S. Federal Reserve. Most Read Articles on Bloomberg The Bloomberg Dollar Spot Index rose 0.5% this week, even as some other central banks consider further monetary easing to support […]

Fed minutes show big rate cut favored by ‘substantial majority’

At the September central bank meeting, a “substantial majority” of Federal Reserve officials supported starting an era of monetary easing with a deep half-point rate cut. But just-released minutes of the two-day meeting suggest there was broader agreement that the initial action did not commit the Fed to a specific pace of future interest rate […]

Fed shrugs off downturn concerns in latest minutes

Despite recent concerns from business leaders that the economy could slide into contraction within the next six months, U.S. central bankers see the economic outlook as fundamentally sound. Minutes from the latest meeting of the Federal Reserve's rate-setting committee show that bankers are confident about the immediate state of the U.S. economy. “The majority of […]

Mortgage applications drop 5.1 percent as rates rise despite Fed cuts

Mortgage applications fell earlier this month as interest rates rose following September's strong employment report. Recent data from the Mortgage Bankers Association's (MBA) Weekly Application Survey shows the number of applications for mortgage loans. decreased by 5.1% In the first week of October. Mike Fratantoni, Senior Vice President and Chief Economist, said, “Following strong economic […]

What’s Next for the Fed After the September Blunder?

Will the Fed double down on September's failure? September's jobs report was a shock to the system and upended expectations about the Fed's next move. With 254,000 jobs added in September, well above the 140,000 expected, and the unemployment rate falling to 4.1 percent, one thing becomes clear. The labor market has not weakened significantly. […]