Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent – Decrypt
Bitcoin prices rose on Friday as Federal Reserve Chairman Jerome Powell prepared to cut interest rates in the coming months, signaling that the U.S. central bank is comfortable with keeping inflation in check but is paying more attention to a weakening and expanding labor market. “The direction to move is clear, and the timing and […]
Gold prices nurse tumble from record highs with Powell, rate cuts in focus – Investing.com
Investing.com — Gold prices rose in Asian markets on Friday, but managed to halt losses from a record high hit the previous day as growing caution ahead of a speech from Federal Reserve Chairman Jerome Powell gave the dollar some support. Gold surged to a record high earlier this week amid growing confidence that the […]
Japanese Yen rises due to increasing odds of a further BoJ rate hike – FXStreet
The Japanese yen has strengthened as traders expect the Bank of Japan to raise interest rates further in the near future. Machinery orders in Japan rose 2.1% in June from the previous month, beating expectations of a 1.1% increase. The US dollar weakened as dovish comments from the Federal Reserve increased the likelihood of a […]
Interest rate cut fuels immediate upturn in UK property market | Housing market
The Bank of England’s first interest rate cut in four years sparked an immediate boost in Britain’s property market, with lower mortgage rates stimulating buyer interest and driving up house prices. Data from property website Rightmove showed that the number of potential buyers enquiring with estate agents about homes for sale since August 1 has […]
July inflation drops below 3% as Fed considers September rate cut
Housing costs remain high, but insurance premiums are finally starting to stabilize. (iStock) Annual inflation fell below 3% in July for the first time in more than three years. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). On an annualized basis, prices rose 2.9% in July, slowing […]
Gold prices rise, record highs close as CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as weaker-than-expected U.S. consumer price data raised hopes the Federal Reserve will start cutting interest rates. Rising risk appetite also capped gains in gold prices, while a monthly rise in inflation led traders to expect a smaller rate cut in September. […]
Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC
A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]
Pound Sterling posts fresh weekly high on lower UK jobless rate and soft US PPI – FXStreet
The pound surged against the US dollar on strong UK employment figures and a weak US producer price index. The UK unemployment rate unexpectedly fell to 4.2% and average incomes rose more than expected. Investors are awaiting UK and US inflation data for July, due on Wednesday. During North American trading hours on Tuesday, the […]
Only 1 in 4 Voters Rate Economy ‘Excellent’ or ‘Good’ Under Biden-Harris Admin Policies
President Joe Biden and Vice President Kamala Harris did not receive positive marks for their management of the economy. Financial Times A poll from the University of Michigan Ross School of Business released Monday found that a majority want reform. While only one in four voters rated the economy as “very good” or “good” under […]
Immigrants Gaining U.S. Citizenship at Fastest Rate in a Decade
The federal government is approving U.S. citizenship applications at the fastest pace in a decade, clearing a backlog caused by the COVID-19 pandemic and a strict approval system that reached its climax under former President Donald Trump, the government said in a report on Tuesday. Naturalization ceremonies are often held in large numbers before elections, […]