The Federal Reserve officials recently announced that they will be keeping short-term interest rates steady for the time being. However, they did indicate that inflation is inching closer to its target, which could potentially lead to future interest rate cuts. Despite this indication, the officials did not give a clear signal that a reduction is
Potential
In July, the flash estimate for HICP inflation showed an unexpected but marginal rise in headline inflation to 2.6% from 2.5% in June. This increase was contrary to expectations, as many economists predicted a decrease in inflation rates. Core inflation, however, held steady at 2.9%, which was surprising given forecasts for a drop to 2.7%.
The NZD/USD pair has been trading on a stronger note around 0.5915 in Wednesday’s Asian session, up 0.17% on the day. This increase in strength can be attributed to the better-than-expected Chinese Manufacturing Purchasing Managers’ Index (PMI) data for July. The Chinese PMI for July came in at 49.4, beating expectations of 49.3, while the
Gold has recently shown signs of recovery after finding support near the $2,352 level against the US Dollar. The price has managed to break above the $2,380 level and the 200 Simple Moving Average on the 4-hour chart. Additionally, a connecting bearish trend line with resistance at $2,388 was cleared, indicating a possible uptrend. As
The Japanese government recently revised its growth forecasts for the fiscal year ending March 2025, lowering it from 1.3% to 0.9%. This adjustment was made due to concerns about the weak Yen and its impact on households’ purchasing power. The Bank of Japan’s Deputy Governor also highlighted the influence of exchange-rate fluctuations on economic activity
The newly appointed British finance minister, Rachel Reeves, recently announced that there would be a need to raise taxes in the upcoming October 30 budget. This confirmation aligns with the expectations of many individuals, given the significant 22 billion pound shortfall that was highlighted in this year’s budget. Reeves emphasized the importance of increasing taxes,
The website‘s disclaimer clearly states that the information provided may not be accurate or in real-time, which immediately raises concerns about the reliability of the content. This lack of accuracy could potentially lead users to make uninformed financial decisions based on outdated or incorrect information. It is crucial for any financial advisory website to ensure
The Australian Dollar (AUD) has experienced a significant decline of approximately 3.5% against the US Dollar (USD) since July 12. While the Australian economy has been creating more jobs per month than before the pandemic, the recent labor market data did not have the expected positive effect on the AUD. This should have supported the
It seems that Warren Buffett’s Berkshire Hathaway is on a selling streak when it comes to its big Bank of America stake. Over the past nine trading sessions, Berkshire has sold a total of 71.2 million shares of the bank, amounting to over $3 billion in sales. This indicates that the conglomerate is not just
The Job Openings and Labor Turnover Survey (JOLTS) data is a key indicator that is closely monitored by investors and policymakers to gain insights into the labor market dynamics. In the US, the Federal Reserve (Fed) closely watches this data to assess the need for monetary policy adjustments. Additionally, market participants analyze the JOLTS data
When examining the short term Elliott Wave view in E-Mini Dow Jones Futures (YM), it is clear that the trend is poised to continue higher within the sequence that originated from the April-2024 low. The current analysis favors an upside movement in wave 5 of (5) since April 18, 2024 low, as long as any
Many individuals are drawn to the world of investing, dreaming of making a fortune and securing their financial future. However, the reality of investing in open markets is far from glamorous. With risks and uncertainties lurking at every corner, it is essential for investors to proceed with caution and thorough research. Investing in open markets
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