The central banks have been a topic of debate lately due to the potential divergence in interest rate policies. The Bank of Canada is expected to cut interest rates three times ahead of the Federal Reserve’s first move, according to a poll of analysts. The weakening Canadian dollar has sparked discussions about how much the
Economy
The analysts at Macquarie have shared their insights on the recent data related to the core Consumer Price Index (CPI) and its potential impact on the Federal Reserve’s interest rate policy. According to Macquarie, a single month of at-consensus core CPI may not be sufficient to trigger the Fed’s countdown on a rate cut. The
The analysts at Wells Fargo believe that there will be rate cuts by the US Federal Reserve in the near future, although they do not expect these cuts to be aggressive. Despite the current “higher for longer” rate mentality, the market seems to be holding onto the hope of declining inflation and a desire for
Minneapolis Fed President Neel Kashkari recently spoke on the need for higher for longer interest rates, citing uncertainty around the current level of monetary policy. He expressed concerns about the downward pressure being put on the economy by the existing interest rates, highlighting that this is still an unknown variable. This uncertainty suggests that a
The recent surge in bitcoin prices has led to a significant increase in the number of retail investors seeking access to their crypto wallets. Cryptocurrencies are stored on a decentralized digital ledger called blockchain, and these investors may choose to store their holdings in software wallets or hardware wallets to mitigate the risks associated with
The upcoming economic data presents a challenging situation for Federal Reserve chairman Jerome Powell. While there may be some temporary relief in the data, the persistent signs of sticky inflation and above-trend growth are likely to overshadow any positive developments. According to Phillip Colmar, managing partner and global strategist at MRB Partners, the underlying trend
The recent survey released by the Federal Reserve Bank of New York showed that Americans are increasingly concerned about inflation. The survey indicated that consumers expect inflation to reach 3.3% a year from now, up from March’s 3%. Additionally, they anticipate inflation to be at 2.8% three years from now. This growing apprehension about rising
The week is off to a positive start on Wall Street, with Dow futures edging higher and setting a positive tone for trading. As the market eagerly awaits the release of key inflation data, the trading ranges are expected to be narrow, indicating a cautious approach among investors. The recent optimism in the market has
It has been reported that Chinese companies have secured a significant number of bids in Iraq’s oil and gas exploration licensing round. As of now, Chinese companies are the only foreign players to win bids, acquiring licenses for 10 oil and gas fields. This dominance raises questions about the involvement of other international players in
Australia’s government is gearing up to announce the federal budget, with a focus on tackling the nation’s economic challenges. The government’s stance is that inflation could moderate to the central bank’s target range of 2%-3% by the end of the year, a quicker decline than previously anticipated. The Labor government has also revised its economic
Ahead of the upcoming CPI numbers on 13 May 2024, investors are closely monitoring India’s retail inflation trends. Projections suggest that retail inflation is likely to remain steady at around 4.8% in April 2024, following a slight decline in March. There is a possibility that it could touch 5.0% year-on-year again, although estimates vary between
In a recent interview, Australian Treasurer Jim Chalmers expressed his expectations that the upcoming federal budget would play a significant role in alleviating the country’s persistently high inflation and the challenges faced by many Australians in dealing with cost-of-living pressures. Chalmers highlighted the importance of the budget in putting downward pressure on inflation rather than
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