EUR/USD flat lines above 1.1100 after Fed's bumper rate cut – FXStreet
EUR/USD was trading sideways around the 1.1120 level in early European session on Thursday. At its September meeting, the Fed cut interest rates by 50 basis points, setting a new target range for interest rates of 4.75% to 5.00%. The euro area's annual HICP stabilized at 2.2% in August, as expected. The EUR/USD pair traded […]
Fed's preferred inflation gauge ticks higher in June
The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]
How the Fed's inflation fight inflames the national debt
The Federal Reserve’s inflation-fighting measures are fueling a rise in the national debt as the central bank prepares to keep interest rates high for a long time. Inflation has fallen sharply since the Fed raised interest rates to their highest level in 20 years last year, but officials remain concerned about how quickly prices are […]
Gold Prices Forecast: Will Fed's Caution Continue to Cap Gains, Weaken Prices? – FX Empire
U.S. Inflation Reporting and the Impact of Federal Reserve Policy The personal consumption expenditures (PCE) price index, released on Friday, rose 0.3% in April, as expected, and 2.7% annually. Though it met expectations, the data showed inflation still running above the Federal Reserve’s 2% target. Fed officials have repeatedly said they need several months of […]
Fed's favorite inflation tracker flatlined in April
Federal data released on Friday showed the Federal Reserve’s preferred inflation measure was flat in April as Americans cut back on spending a bit. According to the Commerce Department’s personal consumption expenditures (PCE) price index, prices rose 0.3% in April and for the past 12 months, they were up 2.7%, the same as in March. […]
Bitcoin price wobbles ahead of Fed's rate decision – Crypto Briefing
Share this article Bitcoin (BTC) has fallen to $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve, with expectations that interest rates will remain unchanged. CME FedWatch Tools indicates Only 4.4% of economists expect interest rates to fall for the […]
Dow Jones Futures: Nvidia Leads Upside Reversal; Here Comes Fed's Earnings Report For Market – Investor's Business Daily
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The central bank will end its two-day meeting on Wednesday afternoon, with the Fed’s outlook for interest rate cuts in focus. X The stock market, especially the Nasdaq, recovered from its initial decline and posted modest gains on Tuesday. […]
Stock futures fall as Wall Street awaits the Fed's preferred inflation gauge: Live updates – CNBC
17 minutes ago The Dow heads for a four-month winning streak for the first time in three years The major averages are heading for another strong month, with the Nasdaq up 5.1% and the S&P 500 on pace to gain 4.6%. What is even more noteworthy is the Dow Jones Industrial Average’s winning streak. If […]
Market analysts and retail investors await Fed's direction on gold prices – Kitco NEWS
(Kitco News) – Gold prices moved in a narrow $10 range this week between $2,016 and $2,025, with little reaction to even the most important data releases and corporate earnings reports. Latest Kitco News Weekly Gold Survey shows institutional professionals and retail traders remain cautious, forecasting a pivotal week for central banks and employment data […]