Forex News
- From nypost.com|13 hr ago
America’s most valuable postage stamp sold for nearly $4.4 million on Friday. The 1868 one-cent “Z” Grill was sold as part of the collection owned by “Bond King” Bill Gross, who co-founded asset management firm Pacific Investment Management Co., otherwise known as PIMCO. The winning bidder chose to remain anonymous. It’s the first time the stamp has been ...
- From youtube.com/arirangcokrarirangnews|25 hr ago|1 comment
The S&P 500 hit yet another all-time high Monday, marking the 30th time the index reached a fresh high this year. The S&P 500 rose 41-point-6-3 points, or zero-point-seven-seven percent on Monday, to close the trading at five-thousand-473-point-2-3. The day's gains were largely driven by megacaps like Tesla and Apple, despite Nvidia edging lower. The index ...
- From ironfxcn.com|31 hr ago|3 comments
Yes, ChatGPT can generate code that is compatible with trading platforms such as MetaTrader 4 (MT4). In this way, the use of ChatGPT can be useful when users want to develop code for their trading strategies by giving explicit instructions to program the code for that specific topic. However, before you launch it, it may be necessary to perform further ...
- From forex.com|9 hr ago
GBP/USD attempts to retrace the decline from the weekly high (1.2715) as the US Retail Sales report shows a 0.1% rise in May versus forecasts for a 0.2% print, but the British Pound may face headwinds ahead of the Bank of England (BoE) rate decision as the UK Consumer Price Index (CPI) is anticipated to show slowing inflation. Keep in mind, GBP/USD failed ...
- From @FirstSquawk|11 hr ago
post: FED’S COLLINS: TOO SOON TO SAY IF INFLATION IS RETREATING AGAIN TO 2% || FED’S COLLINS: RECENT INFLATION DATA HAS BEEN ENCOURAGING || FED’S COLLINS: U.S. CENTRAL BANK HAS MADE NOTABLE PROGRESS LOWERING INFLATION FED’S COLLINS: ECONOMY HAS BEEN REMARKABLY RESILIENT || FED’S…Takeaways from Boston Fed President Susan M. Collins’ Remarks Collins is encouraged by recent economic data that suggests demand and supply are coming into better balance. Still, the appropriate approach to monetary policy continues to require patience. Collins says recent economic information is encouraging, after the string of higher-than-expected inflation readings during the first quarter of 2024. The data suggest an economy with demand and supply coming into better balance, as needed to restore price stability. However, she says, this process may take more time than previously thought. It is still uncertain whether inflation is durably on a path back to the 2 percent target. The appropriate monetary policy approach continues to require patience, providing time for a methodical assessment of the evolving constellation of available data.
- From cnbc.com|7 hr ago|3 comments
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. Economist Claudia Sahm has shown that when the unemployment rate’s three-month average is half a percentage point higher than its 12-month low, the economy is in recession. As the ...
- From cnbc.com|7 hr ago|3 comments
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. ...
- From msn.com|9 hr ago
Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor ...
- From bnnbloomberg.ca|4 hr ago
A chorus of Federal Reserve officials on Tuesday emphasized the need for more evidence of cooling inflation before lowering interest rates, with a couple policymakers offering ...
- From @FirstSquawk|11 hr ago
post: FED’S COLLINS: TOO SOON TO SAY IF INFLATION IS RETREATING AGAIN TO 2% || FED’S COLLINS: RECENT INFLATION DATA HAS BEEN ENCOURAGING || FED’S COLLINS: U.S. CENTRAL BANK HAS MADE NOTABLE PROGRESS LOWERING INFLATION FED’S COLLINS: ECONOMY HAS BEEN REMARKABLY RESILIENT || FED’S…Takeaways from Boston Fed President Susan M. Collins’ Remarks Collins is encouraged by recent economic data that suggests demand and supply are coming into better balance. Still, the appropriate approach to monetary policy continues to require patience. Collins says recent economic information is encouraging, after the string of higher-than-expected inflation readings during the first quarter of 2024. The data suggest an economy with demand and supply coming into better balance, as needed to restore price stability. However, she says, this process may take more time than previously thought. It is still uncertain whether inflation is durably on a path back to the 2 percent target. The appropriate monetary policy approach continues to require patience, providing time for a methodical assessment of the evolving constellation of available data.
- From @PiQSuite|12 hr ago|3 comments
post:
FED'S BARKIN: ** MY STRONG SENSE IS THAT WE ARE AT A RESTRICTIVE LEVEL **IT IS A FAIR QUESTION THOUGH HOW RESTRICTIVE WE ARE post: MORE FED'S BARKIN: I AM OPEN MINDED TO THE POSSIBILITY OF RATE HIKES IF THERE ARE SIGNS OF OVERHEATING #useconomy #monetarypolicy #federalreserve #richmondfed #thomasbarkin #interestrates post: MORE FED'S BARKIN: THE TRANSMISSION LAGS OF MONETARY POLICY ARE LONGER THAN MOST PEOPLE THOUGHT #useconomy #monetarypolicy #federalreserve #richmondfed #thomasbarkin #interestrates
- From federalreserve.gov|10 hr ago
Thank you for your introduction, Adam, and thank you for the invitation to speak here today. It is great to come to Peterson to discuss the economic outlook and monetary policy, which is my topic this afternoon.1 As I stand here today, inflation remains too high, but I am encouraged by the overall progress and trajectory. Recent data on the economy and inflation also give me cautious optimism that we are on track and making continued headway toward the Federal Open Market Committee's (FOMC) inflation goal of 2 percent. That progress may have paused in the first three months of the year, but information since then on economic activity, the labor market, and inflation points to renewed progress. Over the last year through April, personal consumption expenditures (PCE) inflation was 2.7 percent, down from 7.1 percent at its peak in 2022. Core PCE inflation—which excludes the volatile food and energy categories—was 2.8 percent through April, down from its peak of 5.6 percent. Based on consumer and producer price inflation for May released last week, I estimate that 12-month PCE inflation in May was a bit lower than in April. I was encouraged by some of the details of the recent reports, particularly the continued improvement in market-based services inflation, which is based on observation of actual market prices rather than imputed values. That's important because market-based prices are likely to be a better indication of the overall trend for core services inflation than nonmarket prices. Housing services inflation, meanwhile, continues to be persistent. Market rents for new tenant leases have already cooled significantly, but further progress in overall housing services inflation will rely on the ongoing pass-through of the previous market rents deceleration to the rents of existing tenants with expiring leases. So inflation is still too high, and further progress is likely to be gradual. However, there are several reasons why I remain optimistic that improving supply and cooling demand will support continued disinflation. The first reason I am optimistic about further progress on inflation has to do with declining price increases and even declining prices as consumers become more price sensitive. I think of this from several, related angles—I will mention a few. post: *FED'S KUGLER: LIKELY APPROPRIATE TO CUT RATES `LATER THIS YEAR' post: FED'S KUGLER: MONETARY POLICY IS SUFFICIENTLY RESTRICTIVE, ECONOMIC CONDITIONS ARE MOVING IN THE RIGHT DIRECTION.
- From forex.com|3 hr ago
US yields and the dollar were lower on Tuesday as US retail sales came in softer than expected. Odds of a September cut rose to 61% from 56% ahead of the data and up from 46% one week ago – before last week's FOMC meeting. As a reminder, the Fed is veering towards one rate cut in 2024, which markets clearly interpret as September, even though the narrative ...
- From forex.com|9 hr ago
GBP/USD attempts to retrace the decline from the weekly high (1.2715) as the US Retail Sales report shows a 0.1% rise in May versus forecasts for a 0.2% print, but the British Pound may face headwinds ahead of the Bank of England (BoE) rate decision as the UK Consumer Price Index (CPI) is anticipated to show slowing inflation. Keep in mind, GBP/USD failed ...
- From cmegroup.com|4 hr ago
CME Group, the world's leading derivatives marketplace, today announced its foreign exchange (FX) futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was set on March 8, 2023. In addition, FX Link, CME Group's anonymous, ...