Christopher Waller, a member of the Fed’s Board of Governors, expressed confidence that inflation in the United States will continue to decline in 2025, which will create conditions for further interest rate cuts. Although inflation remained above the Fed’s 2% target at the end of 2024, market estimates and short-term indicators point to a slowing…
The main events by the morning: January 9 Source link
Oil prices continue to rise, reaching their highest levels since October. Brent futures for March delivery rose to $77.85 per barrel. The day before, this grade rose by $0.75 (+1%), closing at $77.05. WTI futures for February delivery added $0.41 (+0.55%) and reached $74.66 per barrel, after rising by $0.69 (+0.9%) a day earlier. Both…
Trump has published a map of the United States with Canada, causing a political outcry. The ex-president continues to provoke the Canadian authorities and the opposition by announcing his plans for the country’s accession to the United States. Not only Prime Minister Justin Trudeau is strongly opposed, but also the leader of the Conservative Party,…
The dollar’s share of global foreign exchange reserves in the third quarter reached its lowest level in almost 30 years. According to the International Monetary Fund (IMF), the indicator decreased by 0.85 percentage points, amounting to 57.4%. This is the lowest value since 1995, as there are no earlier statistics. The decrease in the dollar’s…
According to Vanda Research, Nvidia shares attracted record investments of almost $30 billion in 2024. This has made them the most popular among private investors. As of the end of December, Nvidia shares are on track to overtake the popularity of Tesla shares, which were the leaders in 2023. «Nvidia kind of stole the show…
Recent media reports have raised concerns about potential intervention by the Bank of Japan due to a significant weakening of the national currency, which has declined by approximately 13% since October. Many banks and investment firms view this as a likely scenario ahead of the Japanese central bank’s meeting in January. Let’s analyze this situation…
Russian Finance Minister Anton Siluanov said that Russian companies have started using bitcoin and other cryptocurrencies in international settlements. This was made possible by changes in legislation aimed at circumventing Western sanctions. Economic restrictions have made it difficult to trade with key partners such as China and Turkey, as local banks avoid transactions with Russia…
The upper levels can’t, and the lower levels won’t? Speculators have increased their oil purchases at the fastest pace since September 2023, driven by expectations that new sanctions against Russia and Iran will tighten supply, while China’s stimulus measures will boost demand. However, Brent crude oil prices remain stubbornly stagnant, neither rising nor dropping significantly….
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…