Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’
Neel Kashkari, Minneapolis Federal Reserve Brendan McDermid | Reuters If you’re debating whether or not the U.S. is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession...
Yen Overwhelmed Dollar on Falling Benchmark Yields
Dollar ended broadly lower last week, as the worst performer, as hammered by the events of FOMC meeting and GDP release. In short, Fed chair has signalled slower tightening pace ahead and the message was reinforced by another quarterly GDP...
Week Ahead: RBA, BOE, OPEC, and NFP to Rock Markets this Week
Central bank mania continues this week, with both the RBA and the BOE expected to hike rates by 50bps. Watch for wording in the statements for hints of further rate hikes (or pauses). The FOMC continued to make things a...
Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making...
Weekly Economic & Financial Commentary: Not Yet a Recession Way Down Inside
Summary United States: Busy Data Week Shows Wobbling U.S. Economy Data released this week showed that U.S. economic growth modestly contracted in Q2. New home sales were yet another data release that pointed toward a cooling housing market. The FOMC...
Dollar Recovering after Strong PCE Inflation, But Still The Worst Performer
Dollar is recovering in early US session, follow another print of strong consumer inflation. 10-year yield is also back above 2.7% handle. Still, the greenback is the worst performer for the week together with Euro. Yen is retreating mildly but...
EUR/USD Pair Started a Recovery Above $1.0180
The Euro started a fresh recovery wave above the 1.0150 zone against the US Dollar. The EUR/USD pair climbed above the 1.0180 resistance but it faced sellers. The pair faced sellers near the 1.0200 zone and is currently consolidating. However,...
Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing...
Biden-Xi make plans to meet in person, U.S. official says — and China’s leader has strong words on Taiwan
U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President Joe Biden and Chinese President...
Euro Gets Crushed ahead of Inflation and GDP Numbers
It has been a brutal month for the euro. Business surveys already point to a recession and traders are worried Russia might cut off the gas and paralyze the economy completely. The upcoming batch of inflation and GDP data on...