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...
ECB Preview – Phase-Out of PEPP by March as Scheduled
The focus of this week’s ECB meeting is whether the PEPP would extend beyond March 2020 in light of the new Omicron variant and rapid increase the number of coronavirus cases across Europe since the November meeting. Recent comments from...
GOLD Reacts To US Data
The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support...
Virus Concerns And Upcoming Central Bank Meetings In Focus
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BOE Preview – Delaying Rate Hike to February 2022
We expect the BOE to stand pat at this week’s meeting. October’s GDP came in weaker than expected, and the renewed restrictive measures to curb spread of the new Omicron variant could affect household consumption and put a brake on...