US Federal Reserve Chairman Jerome Powell announced another key rate cut to boost economic growth and boost employment, reports WSJ. According to the chief executive, despite the current economic challenges, the country’s overall situation remains stable and encourages cautious optimism regarding future prospects. He noted that there was a sharp change in the signal, like … Read more
Agencies _ decrease Bitcoin digital currency 6.4 percent to $58,777 by 2218 GMT, suffering the biggest decline since the turmoil that hit global markets on 5 August. Thus, the largest and most famous cryptocurrencies in the world have fallen 20.3 percent from their peak this year of $73,794, which they recorded on March 14. In … Read more
The president of the council said US Federal ReserveJerome Powell, in a direct message to the markets in a keynote speech on Friday, said “the time has come” for the central bank to start lowering interest rates. Speaking at the Federal Reserve Bank of Kansas City’s annual economic conference in Jackson Hole, Powell said: “It’s … Read more
Gold prices rose to an all-time high during trading on Friday, August 16, as the dollar weakened on growing expectations that the US Federal Reserve will cut interest rates in the -September, and with tensions in the Middle East raising demand for bullion. Spot gold rose 1.7% to $2,498.72 an ounce by 02:27 PM EST … Read more
London. The Bank of England (BoE) on Thursday cut its official interest rate for the first time since March 2020 and the Covid-19 pandemic, setting it at 5 percent, citing a decline in inflation in recent months. ““Inflationary pressures have eased sufficiently for us to cut rates,” British central bank governor Andrew Bailey was quoted … Read more
World markets are more and more involved that the USA will begin elevating rates of interest quickly, particularly after questions had been just lately raised at a Federal Reserve assembly about whether or not present rates of interest are excessive sufficient. to forestall inflation. Alongside these questions the Federal Reserve was dedicating a coverage to … Read more
US Inventory Journal | NVIDIA broke $1,000 after the market closed, and the Dow Jones Industrial Common had the worst efficiency in Might (Michael M. Santiago through Getty Photographs) All three main US indexes fell. The minutes of the final assembly on the US Federal Reserve confirmed that officers have been apprehensive concerning the rebound … Read more
The digital asset market is facing a short-term correction, as the price of Bitcoin has not yet reflected the Fed’s intention to postpone the rate cut. About it The Block said Bitfinex Head of Derivatives Jug Kooner. “The cryptocurrency market could fall in the short term if market expectations for a key rate cut continue … Read more
Bond yields rise US 10-year bond yields rose 14 basis points to 4.16%, and two-year bond yields approached 4.5%. Fed hints have almost eliminated the chances of a rate move in March, and the chances of a rate cut in May have diminished. The dollar recorded its strongest levels since November. For its part, the … Read more
Goolsby, a member of the US Federal Reserve US Federal Reserve Bank member Austin Goolsby said in an interview with CBS yesterday, Sunday: It is too early for the US Federal Reserve to declare victory in its battle against inflation, indicating that decisions to reduce interest rates will depend on the incoming economic data. His … Read more