Fed vice chair for supervision, Michael Barr, expressed concerns regarding the U.S. inflation data in the early months of 2024. According to Barr, the inflation readings during the first quarter of the year were deemed disappointing, leading to a lack of sufficient evidence for the central bank to consider easing monetary policy. This statement indicates
Potential
AUDCAD has continued its upward trajectory, surpassing the 0.9100 mark and reaching a 14-month high of 0.9125. Despite facing challenges in breaking through the multi-month high, technical indicators such as the RSI and MACD remain in positive territory. The RSI hovers just below the 70 level, while the MACD maintains its positive momentum above both
Sri Lanka is set to unveil a new economic transformation law that aims to attract investors and boost productivity, as stated by the country’s state minister of finance. The law, approved by the cabinet and backed by the IMF, will be presented to parliament this week, signaling a crucial step towards sustainable growth and recovery
Gold prices have surged to fresh highs, breaking above a previous sideways channel. The 20- and 50-day simple moving averages have also started to tick up, indicating a bullish trend. Both the MACD and RSI are suggesting more upside pressure in the market, with the MACD showing positive momentum above its trigger and zero lines.
In the first quarter of 2024, global venture capital investment in cryptocurrency companies saw a resurgence, reaching $2.4 billion. This marks a significant increase from the previous quarter, which only saw $1.7 billion in investments. The data from PitchBook indicates a potential return of investor interest in the crypto market after a period of decline.
Recent speeches by FOMC members Raphael Bostic, Loretta Mester, and Michelle Bowman have indicated a potential adjustment in the Fed interest rate to reach the 2% inflation target. Bowman also mentioned the possibility of a rate hike if consumer prices rise. This has led to speculations among investors regarding a Fed rate cut in September
The EUR/USD pair has recently experienced a strong uptrend, breaking above key resistance levels at 1.0820, 1.0850, and 1.0895. This indicates a positive sentiment in the market for the Euro against the US Dollar. The pair is currently trading above the 200 simple moving average and the 100 simple moving average on the 4-hour chart,
Japan’s weak consumption has put increasing pressure on the Bank of Japan to consider raising interest rates as a means to curb the yen’s decline. Despite having already ended eight years of negative rates, the yen has still experienced a significant depreciation against the dollar. This has led to concerns about higher import costs hurting
When it comes to investing, it is important to understand the risks and uncertainties associated with forward-looking statements. These statements can involve a level of unpredictability that may impact the outcome of investment decisions. It is crucial to approach these statements with caution and conduct thorough research before making any investment choices. The markets and
The Federal Reserve is expected to release the minutes of its most recent meeting, shedding light on the prospects for future rate cuts in response to inflation pressures. Fed Chair Jerome Powell’s comments during the meeting indicated a likelihood of maintaining higher rates for a longer period. Furthermore, several Fed officials, including Raphael Bostic, Michael
Japan’s Nippon Steel is pushing forward with its planned purchase of U.S. Steel, with its vice chairman, Takahiro Mori, scheduled to travel to the United States next week to meet with stakeholders. The goal of the visit is to engage in dialogues and gain a better understanding of the various parties involved in the deal.
The recent restructuring of the European Union fiscal framework has stirred up concerns among analysts at Bank of America Securities. The new rules, which were put in place on April 30, aim to enforce budget constraints on member states to encourage responsible spending and reduce debt levels. However, this move has sparked a debate on
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