Forex News
- From abs.gov.au|2 hr 36 min ago
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From cnbc.com|13 hr agoSouth Korean president Yoon Suk Yeol was arrested Wednesday by the country’s Corruption Investigation Office for High Ranking officials, a first for a sitting South Korean leader. This was the second bid to arrest the impeached president, following a failed attempt on Jan.3 when agents from South Korea’s Presidential Security Service had blocked ...
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From edition.cnn.com|20 hr ago|1 commentThe US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing to properly disclose his ownership of X, then known as Twitter, as required by federal law, which allowed him to buy shares of the platform at “artificially low prices.” Before he closed his $44 billion deal to buy Twitter in October 2022, Musk began to acquire a ...
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From stlouisfed.org|30 hr agoAlong with inflation measures, Federal Reserve officials pay close attention to labor market indicators in maintaining the dual mandate of price stability and maximum sustainable employment. Since early 2023, our blog posts have concerned the first side of the balance: inflation persistence, the predictive content of different inflation components and the ...
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From bankofengland.co.uk|10 hr agoGood evening. It’s a pleasure to be here at Leeds University Business School and I’d like to thank the university, the school, and the organizers for making this event possible. This is my first speech as an MPC member, so it’s fitting that I’m giving it here in Leeds, back home in Yorkshire. I stand here only a few miles from where I was born in Wakefield and from where I grew up in a small mining village. While I’ve spent most of my adult life living and working in the United States, I’ve returned to the UK regularly and retained a keen interest in the UK economy. For me it is an honour and a privilege to be engaged in public service at the Bank of England and to contribute to UK monetary policymaking. Today I want to set out how I see the UK economy currently, how we got here, and the outlook for inflation and monetary policy. While it is informative to know where we have come from, naturally my focus is mainly on where we are going next, not least given the usual lags in the transmission of monetary policy. But the past is not silent; and in macroeconomics, it is the only laboratory we have. Evidence from the past, joined with theory, informs my view of the future and hence how to set policy. And today, I want to try to take some insights from economic history – from both the recent and more distant past. To be up front, my view is that we’ve made it to the last half mile on inflation, but with the economy weakening, it’s time to get interest rates back toward normal to sustain a soft landing. To make my case, I’ll want post: BOE'S TAYLOR: IT’S TIME TO GET INTEREST RATES BACK TOWARD NORMAL TO SUSTAIN A SOFT LANDING. post: BOE'S TAYLOR: POLICY RATE IS STILL FAR ABOVE NEUTRAL. post: BOE'S TAYLOR: RISK OF DOWNSIDE ECONOMIC SCENARIO HAS CLEARLY BEEN RISING. post: BoE’s Taylor: Makes Sense To Cut Rates Pre-Emptively - We Are In The Last Half Mile On Inflation - Risks Around Inflation Have Shifted In The Last 12 Months https://t.co/tgcXBplR1x
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From @DeItaone|11 hr ago|1 commentpost: FED'S BARKIN: INFLATION IS COMING DOWN TOWARDS 2% TARGET post: FED'S BARKIN: I CAN SEE PATHS WHERE INFLATION IS STICKY OR CONTINUES TO PROGRESS TOWARDS THE TARGET. post: FED'S BARKIN SAYS HE IS NOT CONCERNED ABOUT OVERHEATING ECONOMY RIGHT NOW; DEMAND IS SOLID BUT NOT BOOMING post: FED'S BARKIN: I WAS ENCOURAGED BY THE UNEMPLOYMENT RATE IN DECEMBER. post: FED'S BARKIN: LONG RATES RIGHT NOW ARE CONSISTENT WITH EARLY 2000S, WHICH WAS NOT A RESTRICTIVE TIME FOR BUSINESS BEHAVIOR IS MOVING TO PRE-PANDEMIC PATTERNS SAYS HE HAS NOT SEEN ANYTHING IN LONG RATES THAT WOULD INFLUENCE FED POLICY AT THIS POINT
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From @MaceNewsMacro|11 hr agopost: MINN FED'S KASHKARI OPENING REMARKS DO NOT DEAL WITH MONPOL, CURRENT ECONOMY #Kashkari #FederalReserve post: Fed's Kashkari: Tariffs Themselves Don't Cause Inflation, But 'tit-for-tat' Retaliation Is More Complicated #BreakingNew #WeWinTogether
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From cnbc.com|13 hr ago|9 commentsPresident-elect Donald Trump on Tuesday said he will create an “External Revenue Service” to collect “Tariffs, Duties and all Revenue from Foreign sources.” Trump did not give any ...
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From bnnbloomberg.ca|38 hr ago|22 commentsGreenland’s prime minister said he will seek a closer relationship with the US, highlighting the Arctic island’s push for independence amid renewed interest from Donald Trump. “We ...
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From think.ing.com|11 hr agoUS consumer price inflation has come in at 0.4% month-on-month/ 2.9% year-on-year for headline and at 0.2%/3.2% for the core (ex food and energy). The headline was in line with ...
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From bls.gov|13 hr ago|20 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in December, after rising 0.3 percent in November, the U.S. Bureau of ...
- From @DeItaone|11 hr ago|1 comment
post: FED'S BARKIN: INFLATION IS COMING DOWN TOWARDS 2% TARGET post: FED'S BARKIN: I CAN SEE PATHS WHERE INFLATION IS STICKY OR CONTINUES TO PROGRESS TOWARDS THE TARGET. post: FED'S BARKIN SAYS HE IS NOT CONCERNED ABOUT OVERHEATING ECONOMY RIGHT NOW; DEMAND IS SOLID BUT NOT BOOMING post: FED'S BARKIN: I WAS ENCOURAGED BY THE UNEMPLOYMENT RATE IN DECEMBER. post: FED'S BARKIN: LONG RATES RIGHT NOW ARE CONSISTENT WITH EARLY 2000S, WHICH WAS NOT A RESTRICTIVE TIME FOR BUSINESS BEHAVIOR IS MOVING TO PRE-PANDEMIC PATTERNS SAYS HE HAS NOT SEEN ANYTHING IN LONG RATES THAT WOULD INFLUENCE FED POLICY AT THIS POINT
- From bankofengland.co.uk|10 hr ago
Good evening. It’s a pleasure to be here at Leeds University Business School and I’d like to thank the university, the school, and the organizers for making this event possible. This is my first speech as an MPC member, so it’s fitting that I’m giving it here in Leeds, back home in Yorkshire. I stand here only a few miles from where I was born in Wakefield and from where I grew up in a small mining village. While I’ve spent most of my adult life living and working in the United States, I’ve returned to the UK regularly and retained a keen interest in the UK economy. For me it is an honour and a privilege to be engaged in public service at the Bank of England and to contribute to UK monetary policymaking. Today I want to set out how I see the UK economy currently, how we got here, and the outlook for inflation and monetary policy. While it is informative to know where we have come from, naturally my focus is mainly on where we are going next, not least given the usual lags in the transmission of monetary policy. But the past is not silent; and in macroeconomics, it is the only laboratory we have. Evidence from the past, joined with theory, informs my view of the future and hence how to set policy. And today, I want to try to take some insights from economic history – from both the recent and more distant past. To be up front, my view is that we’ve made it to the last half mile on inflation, but with the economy weakening, it’s time to get interest rates back toward normal to sustain a soft landing. To make my case, I’ll want post: BOE'S TAYLOR: IT’S TIME TO GET INTEREST RATES BACK TOWARD NORMAL TO SUSTAIN A SOFT LANDING. post: BOE'S TAYLOR: POLICY RATE IS STILL FAR ABOVE NEUTRAL. post: BOE'S TAYLOR: RISK OF DOWNSIDE ECONOMIC SCENARIO HAS CLEARLY BEEN RISING. post: BoE’s Taylor: Makes Sense To Cut Rates Pre-Emptively - We Are In The Last Half Mile On Inflation - Risks Around Inflation Have Shifted In The Last 12 Months https://t.co/tgcXBplR1x
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From cityindex.com|3 hr agoUSD/CAD, USD/CHF, and EUR/USD are breaking away from their once-strong correlation with US interest rates and yield spreads, with the relationship significantly weakening in recent weeks. This shift is evident in their subdued reaction to December's soft US inflation report, despite sharp moves in Treasury yields, suggesting that rates are no longer the ...
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From youtube.com/justinbennettfx|8 hr agoThe EURUSD is up today after a softer-than-expected US Consumer Price Index (CPI). But the big question remains: Can bulls confirm a local bottom, or will it be another failed attempt for the euro? In today’s video, I cover the latest on EURUSD and provide insights into the US Dollar Index (DXY). The EURUSD is once again testing the 1.0350 resistance level ...
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From financemagnates.com|21 hr agoRobinhood, an online brokerage firm, has agreed to pay $45 million in penalties to settle a range of charges brought by the US Securities and Exchange Commission (SEC), including alleged violations of recordkeeping, among other issues. The penalty has been imposed on two Robinhood entities: Robinhood Securities will pay $33.5 million, while Robinhood ...