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Powell’s Public Confidence Nears Historic Lows, Gallup Finds
Jerome Powell is struggling to shed his label as the lowest-rated US Federal Reserve chairman in nearly a quarter century, as inflation persists and high prices irritate US consumers, according to a new Gallup poll. The survey shows 39% of US adults say they have a “great deal” or a “fair amount” of confidence that the Fed chairman would do the right thing for the economy, a slight increase from 36% a year ago when prices were rising more rapidly. The change is within the poll’s margin of error of 4 percentage points. Powell and his central bank colleagues were slow to react to soaring inflation, which in ... (full story)
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From @financialjuice|May 7, 2024|1 commentpost: BOJ GOVERNOR UEDA SAYS MONETARY POLICY DOES NOT CONTROL FX post: BOJ GOVERNOR UEDA: FX IMPACTS INFLATION post: BOJ GOV UEDA: FX MOVES COULD HAVE BIG IMPACT ON ECONOMY AND PRICES, SO COULD WARRANT A MONETARY POLICY RESPONSE #News #Markets #live
From @Capital_Hungry|May 7, 2024|1 commentpost: JAPAN FINMIN SUZUKI: WILL TAKE THOROUGH RESPONSE FOR FOREX #News #Markets #JAPAN #live post: SUZUKI EMPHASIZES STABLE FX MOVEMENTS REFLECTING FUNDAMENTALS
From bundesbank.de|May 7, 2024Ladies and gentlemen, Thank you very much for giving me the opportunity to respond to Enrico’s excellent presentation. Enrico, early on in your report, you describe the “most ...
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From msn.com|May 7, 2024Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve Bank of Dallas, as its vice chairman, adding an influential former ...
From @FirstSquawk|May 7, 2024post: PBOC SETS YUAN MID-POINT AT 7.1016 / DLR VS LAST CLOSE 7.2181PBOC sets USD/ CNY mid-point today at 7.1016 (vs. estimate at 7.2202) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2181. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.
From think.ing.com|May 7, 2024Global Markets: Tuesday was very quiet in US Treasury markets. The 2Y UST is unchanged from yesterday at 4.83% after trading in a narrow range all day. 10Y yields edged down 3 ...
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- Posted: May 7, 2024 8:17pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,614
