The brief rally for the EUR/USD currency pair didn’t last long. A slowdown in the Personal Consumption Expenditures (PCE) index—an inflation gauge preferred by the Federal Reserve—to 0.1% month-over-month in November, along with statements from FOMC officials indicating that monetary easing would continue into 2025, seemed to trigger a corrective response for the main currency…
US stocks rally after weak trading After two straight losing sessions, US stocks ended the week on a positive note, as encouraging inflation data and comments from Federal Reserve officials eased investor concerns about future interest rate moves. Inflation is slowing: Key data The published Personal Consumer Expenditure (PCE) index, one of the main indicators…
Despite the weakening after the BoE meeting, the pound remains resilient, especially in the main cross-pairs, including the New Zealand dollar. Meanwhile, the past week was disappointing for the NZD and its buyers. Data published last Wednesday reflected the deterioration of GDP dynamics: in the 3rd quarter, the New Zealand economy growth slowed by…
The main events by the morning: December 20 Source link
At the last meeting, the Fed, as expected, cut the rate by 0.25%. This decision was taken into account by the markets in advance, but the revised forecasts for rates caused a sharp reaction in the financial markets. Fed Chairman Jerome Powell said that in 2024, only two rate cuts are expected instead of the…
The EUR/USD pair plunged to 1.0351 with a single-session fall of 1.32%. The instrument recorded its lowest close in two years. This slump was triggered by unexpectedly hawkish statements from the Federal Reserve, which made it clear that no rate cuts are anticipated in January. According to the updated FOMC forecasts, only two rate cuts…
OPEC+ expresses concern about a possible increase in oil production in the United States after Donald Trump returns to the White House. The expansion of U.S. supplies could undermine the alliance’s efforts to maintain prices and reduce its market share. OPEC+, which produces about half of the world’s oil, recently extended production restrictions until the…
On Wednesday, the focus of market participants will be the publication (at 19:00 GMT) of the Federal Reserve’s interest rate decision. Tomorrow, the central banks of Japan and the UK will hold their monetary policy meetings. The first of these will be the Bank of Japan. Most economists believe that the Japanese economy will maintain…
The German Finance Ministry has decided to introduce a temporary budget for the beginning of 2025. The reason for this step was the actual collapse of the coalition government of Chancellor Olaf Scholz and preparations for early parliamentary elections scheduled for February 23. Finance Minister Joerg Kukis has initiated a special anti-crisis mechanism for managing…
The main events by the morning: December 17 Source link