Forex News
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Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass. While wealth can bring with it some unconventional problems — such as being denied an invite-only Ferrari and accidentally destroying swathes of coral reefs with a 300-foot yacht — most other problems that the rich face may ...
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Philanthropist Melinda French Gates announced Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates -- an organization that has become one of the most influential in the world. The announcement from the 59-year-old French Gates comes three years after her divorce from the 68-year-old Microsoft co-founder. Under the ...
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When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed ...
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CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's forecasts. From BofA: For the April CPI report, we forecast headline CPI rose by 0.3% m/m. Based on our forecast, the y/y rate should tick down to 3.4%. The main factor behind our ...
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Key statistics: • The seasonally adjusted WPI rose 0.8% this quarter and 4.1% over the year. • The private sector rose 0.8% and the public sector rose 0.5%, seasonally adjusted for the quarter. • The largest industry contributors to quarterly wage growth were Professional, scientific and technical services (0.7%), Education and training (0.8%), and ...
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CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's ...
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking ...
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Last month (March 2024), the consumer price index increased by 3.5% (year-over-year, not seasonally adjusted), compared to the median estimate of 3.4%. Over the past 12 months, ...
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post: Powell: the Policy Rate is Restrictive Powell: Time Will Tell if We’re Sufficiently Restrictive on Policy Powell: Don’t Think Likely Next Move Would Be a Rate Hike post: Powell: Restrictive Policy May Take Longer Than Expected to Bring Inflation Down Powell: We Will Get Inflation Down to 2% post: Powell: Housing Inflation Has Been a Bit of a Puzzle Powell: Current Rent Increases Have Been Low for Some Time, Not Showing Up in Rollover Leases post: Powell: Lags Between Decline in Mkt Rates and It Showing Up Are Longer Than We Though Powell: It Should Show Up, Just a Question of When post: Powell on the April PPI: "I wouldn’t call it hot. I would call it sort of mixed." (The main readthroughs to PCE from the PPI likely offset as lower airfares and health care costs likely offset the hotter financial services subcomponent.)
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post: Fed’s Powell: US Economy Has Been Performing Very Well Fed’s Powell: US Economy Has a Very Strong Labor Mkt Fed’s Powell: Households Are in Good Shape Financially post: Powell: Overall a Good Picture Looking at US Economic Data So Far Fed’s Powell: Labor Mkt is Coming Back Into Better Balance Powell: Labor Mkt Moving Back Into Better Balance post: Powell: Signs of Gradual Cooling in the Labor Mkt with Supply and Demand Getting Into Better Balance Powell: Inflation in Q1 Was Notable for the Lack of Further Progress Powell: We Did Not Expect a Smooth Road on Inflation, We Have to Be Patient and Let Policy Do Its Work post: Fed’s Powell: We Expect Continued GDP Growth 2% or Better Powell: We Expect the Labor Mkt to Continue to Rebalance but Remain Strong Fed’s Powell: Expect Inflation Will Move Back Down Powell: Expect Inflation to Move Down Back to Levels More Like Last Year post: Fed's Powell: my confidence in inflation moving back down is lower than it was.
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The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 ...
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Sr. Strategist James Stanley shares charts and highlights the themes and scenarios he's watching across macro markets.
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GBPUSD has successfully jumped above the 200-day simple moving average (SMA) with the next crucial obstacle coming from the short-term downtrend line and the 50-day SMA around 1.2590. Technically, the MACD oscillator is still developing with weak momentum above its trigger line and below the zero level, while the stochastic is extending its upside movement ...
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Pan-European market infrastructure Euronext today published its financial results for the first quarter of 2024. FX trading revenue was up 12.7% at €7.1 million in Q1 2024, supported by growing volumes, slightly offset by a negative volumes mix impact. On a like-for-like basis at constant currencies, FX trading revenue was up 14.1% compared to Q1 2023. ...