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Tag: Rate

Trump warms to Powell ahead of potential rate cuts: 'I would let him serve it out'

With interest rate cuts on the horizon and the economy turning around from its post-pandemic slump, former President Trump has warmed to Federal Reserve Chairman Jerome Powell, whom he has frequently criticized since nominating him to lead the U.S. central bank in 2017. “I intend for him to complete his term,” Trump said in the […]

Stocks rise, dollar flat on solid data and rate cut prospects – Yahoo Finance

By Isla Binney and Caroline Valetkevich NEW YORK (Reuters) – Global stock indexes were mostly higher on Tuesday and the dollar strengthened against the yen as strong U.S. retail sales data supported expectations that the Federal Reserve will ease interest rates to tame inflation while avoiding a recession. Data showed retail sales in June were […]

Dollar steadies as Sept rate cut back in focus, yen wobbles By Reuters – Investing.com

Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up from a five-week low on Tuesday as investors weighed the possibility of a September interest rate cut following comments from Federal Reserve Chairman Jerome Powell and pondered the growing chances of former U.S. President Donald Trump being re-elected. The Japanese yen came under pressure again as […]

No Rate Cut in July—It’s Too Soon

Goldman Sachs’ economics chief argues for rate cut in July There was brief interest Monday morning in the idea that the Federal Reserve might cut interest rates at its July meeting. Federal Reserve Chairman Jerome Powell effectively rejected the idea. Monday afternoon. Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, […]

Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com

Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]

Asian stocks sink as tech profit-taking overshadows rate cut cheer – Investing.com

Investing.com — Most Asian stocks fell on Friday, with tech-heavy indexes dropping sharply as profit-taking hurt technology shares despite a weak U.S. inflation reading that boosted optimism for interest rate cuts. Regional stocks largely tracked Wall Street’s overnight decline, falling nearly 2 percent as profit-taking hit big technology stocks, especially chipmakers and artificial intelligence stocks. […]

A September Rate Cut Would Trigger Political Vengeance

When inflation falls, markets soar As someone once said, if the Fed has a reactive function, The market has an overreaction function. Evidence of this was apparent on Thursday when the Bureau of Labor Statistics released its June Consumer Price Index (CPI), which showed it had fallen for the first time since May 2020. Consumer […]

Gold prices advance, rate cuts in focus as CPI data looms – Investing.com

Investing.com — Gold prices rose in Asian markets on Thursday, helped by a decline in the dollar and Treasury yields on growing expectations of a U.S. interest rate cut ahead of the release of a key inflation reading. Gold edged higher this week, buoyed by reports that emerging market central banks are stockpiling the metal, […]