TAG: Jerome Powell
‘PCE could still surprise, Fed comments eyed’ – Versace
Versace’s comments come amid rising prices at pumps across the US, and data indicating that it is feeding through to factories. Versace also talks Tesla and cocoa prices with IGTV’s Angeline Ong. (AI Video Summary) Inflation metrics and Powell's comme...
6 months ago
Wall Street Wrap: “Good news is bad news” kept US indices on the backfoot
Market Recap The “good news is bad news” mantra continued to play out in Wall Street overnight, as stronger-than-expected US job openings and factory goods orders joined the recent run in robust economic data to challenge the upcoming pace of Federal Rese...
6 months ago
Beat the street: Private payrolls beat estimates; Powell; Intel
Federal Reserve Chair Jerome Powell and Federal Reserve Board Governor Michelle Bowman speak later in the day. Plus, Intel's operating losses escalate. (Partial Video Transcript) Today's overview Angeline Ong: Hello, I'm Angeline Ong, and this is your...
6 months ago
Mohamed A. El-Erian: Fed faces a big risk, but it’s not the one many think
I have been arguing for almost a year now, here and elsewhere, that US consumer price inflation would become sticky after a period of favourable disinflation going into the end of 2023. Wednesday’s hotter-than-expected data release, the third in a row, is...
6 months ago
US rate cut expectations keep receding
As IGTV’s Jeremy Naylor explains, the market reaction was instant with US two-year treasury yields rising past 5% to their highest since November last year. The CME Fed watch tool, before Powell’s statement yesterday, saw a 22.7% chance for a 25 basis poi...
5 months ago
Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce....
5 months ago
Australian dollar starts week with losses
The Australian dollar is back in negative territory today after ending a nasty skid on Friday. AUD/USD is trading at 0.6537 in the North American session, down 0.17% on the day. The Aussie has been on a significant skid since July 15, declining 3.7% again...
2 months ago
Wall Street: US markets rally as focus shifts to Jackson Hole
Market rally supported by positive economic data US equity markets extended their gains on Friday, wrapping up a week marked by economic data that helped calm the market jitters seen earlier in August. Traders welcomed softer inflation figures, solid reta...
1 month ago
Outlook on July FOMC minutes and Jackson Hole Symposium
Investors are awaiting fresh catalysts this week that could impact the outlook for US interest rates and stock indices. Key events that may influence market sentiment include the release of the Federal Reserve (Fed) July Federal Open Market Committee...
1 month ago
Nikkei 225, Dow Jones and NASDAQ 100 lose upside momentum
Nikkei 225 stays side-lined The Nikkei 225 has been sideways trading around the 200-day simple moving average (SMA) at 38,284 but below the 55-day SMA at 38,577 for the past week or so. Were the index to rise above both of the moving averages, the lat...
1 month ago
FX Watch: USD/SGD back at Feb 2023 level, USD/JPY struggled at trendline resistance
All eyes on Fed Chair Jerome Powell at Jackson Hole The cool-off in the aftermath of a V-shaped recovery over the past weeks and some reservations leading up to the upcoming Federal Reserve (Fed) Chair Jerome Powell’s speech at Jackson Hole translated i...
1 month ago
FTSE 100, DAX 40 and S&P 500 bid ahead of Powell speech
FTSE rises ahead of Jackson Hole speeches The FTSE 100 has seen some profit taking this week after almost two weeks of buying frenzy. Ahead of speeches by Federal Reserve (Fed) Chair Jerome Powell at 3pm and BoE Governor Andrew Bailey at 4pm at the Ja...
1 month ago
Jackson Hole Economic Policy Symposium 2024: When and where to watch US Fed Chair Powell speech? Check venue, date, time and other details
Jackson Hole Economic Policy Symposium 2024 Latest News: The closely-watched Jackson Hole Economic Policy Symposium began in Wyoming on Thursday. The global financial elites have descended upon this beautiful retreat, which is often regarded as ‘Davos of...
1 month ago
FX Watch: US dollar eyes July 2023 low, AUD/USD sees further signs of life
“The time has come” Federal Reserve (Fed) Chair Jerome Powell has sounded a tad more dovish at Jackson Hole to end last week, with a clear resolve in his tone to ease rates as soon as the next meeting. As such, markets got what they hope to hear around co...
1 month ago