The Fed Taking A More Decisive Approach On Inflation
Markets An unexpected acceleration in US PPI inflation (0.8% M/M and 9.6% Y/Y) yesterday triggered a temporary rise in US bond yields, reinforcing the case for decisive Fed action at today’s policy decision. Part of the move was reversed (in...
Dollar Firmer in Range as Focus Turns to FOMC
While Dollar is so far the strongest one for the week, there is clearly no follow through buying. The greenback is stuck in range against most others with traders on the sideline ahead of FOMC. Canadian and New Zealand Dollars...
China’s retail sales grow by 3.9% in November — slower than expected
A customer buys zodiac decorations for the Year of the Tiger at a market in Zhangjiagang city, East China’s Jiangsu province, Dec. 10, 2021. Shi Bairong | Future Publishing | Getty Images BEIJING — China’s retail sales missed expectations in...
The Federal Reserve is expected to take a very big step toward its first rate hike
The Federal Reserve is expected to announce a dramatic policy shift Wednesday that will clear the way for a first interest rate hike next year. Markets are anticipating the Fed will speed up the wind-down of its bond buying program,...
The Fed will halt asset purchases by March and hike rates in June, CNBC survey predicts
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., on Tuesday, Nov. 30, 2021. Al Drago | Bloomberg | Getty Images Here comes the Fed. After 20...
Stocks making the biggest moves midday: Beyond Meat, AMC, Tesla and more
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines in midday trading. GameStop, AMC...
ECB Meeting: Shadow Tapering
The European Central Bank (ECB) will have to decide by how much to slash its asset purchases when it concludes its meeting at 12:45 GMT Thursday. It will probably be another battle between hawks and doves, with the most likely...
GBP/USD Outlook: Strong UK Jobs Data Underpin Pound But Upticks Were Limited
Cable edged higher in European trading on Tuesday, underpinned by strong UK jobs data for October, but upticks were so far limited as near-term action remains weighed by thick weekly cloud. Also, fragile political situation in the UK, on signals...
Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday. The producer price index for final demand increased 9.6% over...
Dollar Shrugs Record PPI, Gold on the Move?
Commodity currencies remain generally weak today on mixed market sentiment. But buying is turned to European majors, with Swiss Franc having an upper hand. Dollar and Yen, on the other hand, soften mildly. The greenback has little reaction to record...
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