- Story Log
User | Time | Action Performed |
---|---|---|
-
Powell: 'I Think There Is A Path' To A Soft Landing
-
POWELL: FED VERY AWARE, CONCERNED ABOUT COMMERCIAL REAL ESTATE
— *Walter Bloomberg (@DeItaone) June 22, 2023
-
POWELL: WE DO EXPECT THE UNEMPLOYMENT RATE WILL GO UP A LITTLE BIT
— *Walter Bloomberg (@DeItaone) June 22, 2023
- Comments
- Subscribe
-
- Older Stories
Turkey’s central bank delivered a significantly smaller interest-rate increase than anticipated, as policy makers embark on what they said will be a gradual transition from an era ...
Prior was 84B. US natural gas prices have come off the bottom in part due to higher power burn and exports to Mexico. However if there is any kind of larger rally coming, producers will need to show some discipline. At $2.60, the industry isn't making much money. This latest number won't help. post at 10:30am: US EIA Natural Gas Storage Change (BCF) 16-Jun: 95 (exp 90; prev 84) - Salt Dome Cavern Nat Gas Change (BCF): +6 (prev +5)Natural Gas price starts falling after Gas storage data beats estimates Natural Gas price starts declining on Thursday after Natural Gas Storage Change data from the Energy Information Administration (EIA) shows a suprise rise in inventories, indicating robust supply. Gas prices have been recovering due to a mixture of a weaker US Dollar and hotter-than-expected summer weather in the Western world. Temperatures in Texas, for example, are breaking records and the trend is set to continue for 7-10 days, according to forecasters. If the summer is hotter overall, it will quickly put pressure on Natural Gas supplies used in air conditioning, according to a report by Natural Gas World. XNG/USD is trading at $2.637 MMBtu, at the time of writing, entering the US session on Thursday. Natural Gas starts a leg lower on intraday charts after Natural Gas Storage data showed an unexpected rise in inventories. The commodity had been recovering amid a weaker US Dollar and heatwave demand. Norwegian outages continue to ravage the supply outlook and further underpin already low prices. If temperatures across the Western world continue to remain elevated, Natural Gas could see further gains, according to analysts.
post at 10:13am: *POWELL'S PREPARED REMARKS IDENTICAL TO WEDNESDAY'S TESTIMONY post at 10:20am: Fed’s Powell: FOMC Broadly Feels It Will Be Appropriate to Raise Rates Again This Year and Perhaps Two More Times post at 10:22am: FED CHAIR POWELL: A STRONG MAJORITY OF COMMITTEE FEELS THERE IS A LITTLE FUTHER TO GO WITH RATE HIKES post at 10:23am: FED CHAIR POWELL: IT WOULD BE PERFECT, BUT NO GUARANTEE, THAT LABOR MARKET CAN GET INTO BETTER BALANCE WITHOUT UNEMPLOYMENT RISING post at 10:35am: FED'S POWELL: WE HAVE NOT SEEN MUCH PROGRESS IN SERVICES INFLATION.
-
- Newer Stories
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending June 16, 2023, which was 116 thousand barrels per day less than the previous week’s ...
As expected, the Swiss National Bank has raised its key interest rate by a further 25 basis points to 1.75%. This brings the total amount of rate hikes in this cycle to 250 basis ...
post at 11:48am: Fed’s Powell: We Don't See Rate Cuts Any Time Soon - We Want To Be Confident Inflation Will Continue To Move Down - We Think We Are Within A Couple Of Rate Hikes Of The Level We Need To Be #Fed $USDX
- Story Stats
- Posted: Jun 22, 2023 10:50am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,645
- Linked event: