The Treasury Department. Foto: Ting Shen/Bloomberg There has been a jubilant mood on the stock markets since the Fed announced the prospect of a shift in its interest rate policy. The markets are now assuming a Goldilocks scenario: declining inflation, a soft landing of the economy and significantly falling interest rates in 2024. But for … Read more
Expected economic data in the currency market During this week, many important economic events and data will be issued, which will have an impact on the trading of a number of currencies, most notably the Australian dollar, the US dollar, the euro, and the sterling. The most important events are as follows: British labor market … Read more
Written by Islam Saeed Saturday, November 4, 2023 02:00 AM Continue Central banksIt has supported its gold reserves since the beginning of the year, as data revealed World Gold Council Purchasing gold continued significantly in the first 9 months of 2023, and in the following context we monitor the most important information about central banks’ … Read more
The latest economic data showed that inflation remains higher than the Fed’s target, but is weakening – and economic growth is high at the same time. From the point of view of some experts, this is a rather unusual situation. Powell called the U.S. economy “surprisingly robust.” GDP rose by 4.9 percent in the summer … Read more
Emphasis continues as long as needed The final stages of the ECB’s interest rate hike are the focus, with core inflation subdued and underlying price pressures stubbornly increasing. Most economic analysts expect central bank officials to temporarily stop raising interest rates after next month’s meeting after the deposit rate reaches 3.75%, although money markets expect … Read more
Frankfurt/Main (dpa) – On the occasion of the 25th anniversary of the central bank, ECB President Christine Lagarde emphasized the determination of the euro currency guardians in the fight against the currently high inflation. “After years of low inflation, it is now too high and is likely to remain too high for too long,” Lagarde … Read more
A report issued by the World Gold Council revealed an increase in demand from central banks during the first quarter of this year, and the official sector institutions in the country remained keen and committed to buying gold.to goadding about 228 tons to global reserves. Money and coin investment rose 5% yoy to 302t, masking … Read more
Factory production in Japan fell for the first time in three months in January, weighed down by the global slowdown and regional holidays while retail sales beat expectations, creating a mixed picture for BoJ leader candidate Kazuo Ueda. Industrial production contracted 4.6% from December, according to data from the Ministry of Industry released on Tuesday, … Read more
Jerome Powell didn’t reveal much new during a public appearance Tuesday night. He said that if inflation rises, the Fed will have to raise interest rates more than originally planned. He also expects that the two percent inflation, which is the goal of the Fed, could not be reached until 2024. However, he expects a … Read more
Publicly, BoE officials see that the UK is already in a recession. European Central Bank officials assume that the euro zone has entered a recession this quarter. The economies of the UK and the Eurozone have been hit by rising energy costs following the Russian invasion of Ukraine. The United States is less exposed to … Read more