A visibly shaky Walz says the world needs ‘steady leadership’
Minnesota Gov. Tim Walz began his debate against Ohio Sen. J.D. Vance on shaky ground when he was first asked about his foreign policy platform in the Middle East. “Governor Walz, if you were the last speaker in the Situation Room, would you support or oppose an Israeli pre-emptive strike on Iran?” CBS' Margaret Brennan […]
Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level – FX Empire
Geopolitical tensions in the Middle East continue to support demand for safe-haven assets such as gold, but rising risk appetite and a strong dollar are limiting upside. However, expectations that the Fed will cut rates significantly in November are providing fundamental support for gold. Impact of US economic development and Fed expectations on gold prices […]
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy – CNBC
The Japanese flag flies above the Bank of Japan's headquarters building (below) in Tokyo on April 27, 2022. Nogi Kazuhiro | AFP | Getty Images The Bank of Japan kept its policy rate unchanged at about 0.25% – the highest since 2008 – at the end of a two-day meeting on Friday. This decision: Reuters […]
GBP/USD holds steady as BoE rate call looms ahead – FXStreet
GBP/USD hits highest 30-month price following Fed rate cut. The BoE's interest rate forecasts are due to be released on Thursday but no changes are expected. UK retail sales are due to close the week on Friday. GBP/USD rose to a 30-month high on Wednesday, approaching 1.3300, after the US Federal Reserve cut interest rates […]
US stock futures steady with rate cuts in focus – Investing.com
Investing.com — U.S. stock index futures were steady in Asian trading on Friday as investors maintained hopes of lower interest rates ahead of a Federal Reserve meeting that could herald a larger cycle of monetary easing. Wall Street stock indexes this week largely ignored strong consumer and producer price readings and were also boosted by […]
USD/CAD holds steady above mid-1.3500s, eyes 200-day SMA amid modest USD strength – FXStreet
USD/CAD is regaining some positive momentum amid continued USD buying interest. Weak oil prices have weakened the Canadian dollar, providing further support to major currencies. Traders are now focused on a speech by Bank of Canada Governor Macklem ahead of the release of the U.S. Consumer Price Index on Wednesday. In the Asian session on […]
Harris solidifies support with Black voters, Trump numbers hold steady: poll
More Black Americans plan to make their voices heard on Election Day after Vice President Kamala Harris replaced President Biden as the Democratic nominee, according to a poll released on Monday. A Washington Post-Ipsos poll found that 69% of black Americans say they will “definitely” vote on Election Day, up from 62% in April, while […]
Job Creation Below What’s Needed to Keep ‘Steady Employment’, Many Have Inflation Higher than CPI
On Friday's broadcast of WBUR's “Here and Now,” MSNBC chief economics correspondent and MSNBC host Ali Velshi said the August jobs report showed job creation was “lower than what's needed to maintain stable employment.” He also said that while wages are outpacing inflation, “inflation is high for a lot of people who have to pay […]
Inflation holds steady as Fed nears rate cuts
Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]
US Dollar steady to sideways with Housing Price data not moving the needle thus far – FXStreet
The US dollar was flat against major currencies on Tuesday. Markets have regained momentum from last Friday and are returning to a riskier stance as tensions in the Middle East have eased somewhat. The US Dollar Index is trading sideways at just below 101.00. The US Dollar (USD) recovered briefly on Monday after a sharp […]