The U.S. dollar held close to a three-month peak on Monday as investors looked ahead to a slate of economic data this week that could offer fresh insight into the strength of the world’s largest economy and signal whether the Federal Reserve will maintain its hawkish posture. Asia-Pacific trading was subdued due to a holiday …
The average interest rate on the most popular U.S. home loan has dropped to its lowest level in over a year, following softer inflation data that reinforced expectations of another Federal Reserve rate cut. According to the Mortgage Bankers Association (MBA), the rate on a 30-year fixed mortgage fell by seven basis points to 6.30% …
The outcomes of key events taking place this week will determine the direction and performance of the global stock and crypto markets in the fourth quarter of the year. This is in terms of rates, liquidity, earnings, and global trade - four forces that decide how money moves in the market. The Federal Reserve (FED) …
Global stock markets climbed on Monday, buoyed by renewed optimism over progress in U.S.–China trade talks, while gold and bonds fell as investors shifted toward riskier assets. Top economic officials from both countries reached a preliminary trade deal framework ahead of a meeting between Presidents Donald Trump and Xi Jinping in South Korea later this …
The U.S. Federal Reserve is expected to announce another quarter-point interest rate cut this week, its second this year as policymakers move to cushion a slowing labour market and maintain economic stability. Analysts predict the rate reduction will bring the federal funds rate to between 3.75% and 4.00%, with more cuts likely in December or …
The U.S. Federal Reserve is preparing for its next policy meeting under an unusual cloud of uncertainty, with the ongoing government shutdown halting key economic data releases and leaving policymakers without a clear picture of the economy’s health. Official employment figures have not been published since the shutdown began on October 1, while limited private …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
Wall Street traders and global investors were left without one of their most important economic signals on Friday after the U.S. government shutdown forced the delay of the monthly nonfarm payrolls report. For decades, the report has been considered the single most influential data release on the U.S. economy, guiding decisions across markets from stocks …
