2024-11-14 | Current Affairs
U.S. consumer price inflation rose in October, meeting forecasts and lifting Wall Street indexes on Wednesday, while boosting the dollar close to levels against the yen that have raised concerns at the Bank of Japan.
2024-10-01 | Current Affairs
The U.S. dollar strengthened against major currencies on Tuesday after Federal Reserve Chair Jerome Powell pushed back against expectations of more significant interest rate cuts.
2024-09-27 | Market Dive
On Wednesday, the Federal Reserve slashed interest rates by 0.5%, the first cut in four years and the largest in 16 years. This significant move signals the beginning of a new easing cycle, with more cuts likely by year-end. In response, gold, the go-to safe-haven asset, has soared to new highs, surpassing USD 2,600. As global economic uncertainty and geopolitical risks grow, could gold be on its way to hitting the USD 3,000 mark?
2024-09-05 | Market Dive
The Federal Reserve’s expected rate cut on September 18 has become a key focus for financial markets.
2024-08-26 | Current Affairs
Investors poured USD 37 billion into money market funds (MMFs) in the week leading up to Wednesday, as they anticipated the U.S. Federal Reserve’s expected interest rate cut in September, according to Bank of America on Friday.
2024-08-23 | Current Affairs
Asian shares remained cautious on Friday, while the U.S. dollar rebounded from its lowest levels in a year, as investors turned their attention to an upcoming speech by Federal Reserve Chair Jerome Powell. Markets are looking for confirmation that U.S. interest rate cuts will begin in September.
2024-08-21 | Current Affairs
Asian markets saw a pullback on Wednesday as the recent strong rebound in global stocks took a breather. Investors turned cautious, focusing on upcoming U.S. economic data and central bank speeches expected to bolster the case for interest rate cuts.
2024-08-09 | Current Affairs
A sharp slowdown in the U.S. job market, which has triggered days of global stock market turmoil, has also led to speculation that the Federal Reserve might not wait until its next scheduled meeting in September to cut interest rates.
2024-08-01 | Current Affairs
Stocks and government bonds experienced significant gains on the last day of July, marking a strong close to a fluctuating month in global markets.
2024-07-04 | Current Affairs
Federal Reserve officials, during their June meeting, noted that while inflation is heading in the right direction, it hasn’t decreased swiftly enough to justify lowering interest rates just yet. The minutes from the meeting, released on Wednesday, reveal that policymakers are seeking more robust data before feeling confident enough to reduce rates.
