The Fed moves up its timeline for rate hikes as inflation rises
The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. However, the central bank gave no indication as to when it will begin...
EURUSD 1.2000 Must Hold
The euro currency is appearing very bearish against the US dollar as the greenback gains ground after a more hawkish policy speech from the Federal Reserve than expected. The EURUSD pair is approaching the 1.2000 level which marks the top...
Dollar Soars on Hawkish FOMC, EUR/USD Breaks 1.2
Dollar surges overnight after much hawkish than expected Fed interest rate projections. The case of near term bullish reversal continues to build up and there is prospect of further rally before weekend. Markets are relatively mixed elsewhere though. Australian Dollar...
Asian Open: Dollar Dominates And Equities Fall On Hawkish Fed
Well, the Fed didn’t wait for the Jackson hole symposium to turn hawkish (from a very dovish base), sending equities, commodities lower and the US dollars higher. Asian Futures: Australia’s ASX 200 futures are up 6 points (0.08%), the cash...
Fed Projects 2 Rate Hikes in 2023, Strongly Upgrades Growth and Inflation Outlook
The Fed has turned more hawkish at the June meeting. Besides significant upgrades in the GDP growth and inflation forecasts, the median dot plots now project two rate hikes in 2023, compared with no rate hike until 2024. At the...
U.S. stock futures dip slightly after Fed forecasts rate hikes in 2023
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023. Futures on the Dow Jones Industrial...
The Federal Reserve now forecasts at least two rate hikes by the end of 2023
The Federal Reserve now sees at least two interest rate hikes in 2023, according to the central bank’s so-called dot plot of projections. Wednesday’s forecast showed 13 members of the Federal Open Market Committee believe the Fed will increase rates...
Australian Dollar Higher ahead of Job Data
The Australian dollar has reversed directions on Wednesday and posted slight gains. In the North American session, AUD/USD is trading at 0.7706, up 0.24% on the day. Australian Employment Change expected to rebound Australia’s labor market has been steadily recovering,...
The markets are on edge before the Federal Reserve’s policy update in the face of surging inflation
The Federal Reserve is not expected to take any policy actions after its two-day meeting this week, but it is likely to signal that it is thinking about them. Stock futures were flat on Wednesday morning as investors awaited the...
Vaccines will be the ‘most important’ economic policy this year, IMF chief says
LONDON — Vaccine policy will top all other economic polices this year as the world tries to recover from the coronavirus crisis, International Monetary Fund chief Kristalina Georgieva said Wednesday at CNBC’s Global Evolve Summit. “Vaccine policy this year, probably...
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