Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump’s newly-minted Fed plant Stephen Miran. Key highlights Goolsbee warns against series of rate cuts.I am uncomfortable with overly…
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USD/CHF pared away near-term gains, testing back into recent lows. The Fed is still on pace to deliver an interest rate cut next week despite another uptick in CPI inflation. The SNB is battling rate cut expectations of its own, with markets weighing odds of negative rates. USD/CHF chalked in a technical rejection of the…
The Dow Jones eased lower on Friday, testing below 45,500. Equities recoiled after US PCE inflation metrics rose in-line with forecasts. Despite fresh inflation pressure, markets are still banking on a September rate cut. The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in…
NZD/USD gains further to near 0.5900 amid upbeat market mood. Investors await the US PCE inflation data for fresh cues on the monetary policy outlook. Cooling inflation expectations and RBNZ interest rate cut have improved NZ’s Business Confidence. The NZD/USD pair extends its upside to near 0.5900 during the Asian trading session on Friday. The…
The Dow Jones shattered price records on Friday, hitting above 45,700 for the first time ever. Equities and general risk appetite soared after Fed Chair Powell made a dovish appearance. A September rate cut looks like a sure thing, bolstering general market sentiment. The Dow Jones Industrial Average (DJIA) soared to new all-time highs on…
NZD/USD hovers near 0.5900, down 0.40% intraday as the Greenback regains footing ahead of key macro events. The US Dollar Index (DXY) extends modest gains toward 98.20, though upside remains limited amid firm expectations for a September Fed rate cut. Markets’ attention now turns to Wednesday’s RBNZ meeting, with a 25 bps rate cut to…
The Pound Sterling trades firmly against the US Dollar around 1.3450 as traders trim bets supporting BoE’s interest-rate cuts this year. Fed Governor Waller could be nominated as Chairman Powell’s successor. Investors await UK employment and US CPI data next week. The Pound Sterling (GBP) clings to three-day gains around 1.3450 against the US Dollar…
On Thursday, Banco de Mexico (Banxico) reduced interest rates by 25 bps as expected by analysts, leaving the main reference rate at 7.75%. The decision was not unanimous, as Deputy Governor Jonathan Heath, for the second consecutive meeting, voted to keep interest rates unchanged, with the rest of the board opting for an interest rate…
Canada BoC Interest Rate Decision meets expectations (2.75%) Source link