It is an indisputable fact that last year was extremely bad for cryptocurrencies. First with the bankruptcy of the TerraUSD stablecoin, and then with the collapse of the FTX crypto exchange, the market managed to lose about 2/3 of its value. However, since the beginning of the year, little by little, the situation with digital … Read more
Federal Reserve Chairman Jerome Powell stressed that monetary policymakers have not yet decided on the size of the rate hike later this month, and said it hinges on upcoming jobs and inflation reports. On the second day of congressional testimony, Powell told the House Financial Services Committee on Wednesday, “We haven’t made any decisions regarding … Read more
[ニューヨーク ８日 ロイター] – Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee on Wednesday, and a decision is almost certain at the Federal Open Market Committee (FOMC) on March 21-22. Officials have yet to make a decision on the size of the proposed rate hike, he said. “We haven’t made … Read more
The inflation target is ambitious Fed officials said they are keeping a close eye on key economic indicators, but investors should expect the numbers to remain mixed even with lower inflation, according to Chris Harvey, head of equity strategy at Wells Fargo. “We’re in a good position that the economy hasn’t cracked,” he said on … Read more
Oil capped its longest streak of daily losses this year as hawkish signals from Federal Reserve officials heightened fears of an excess of crude piling up in storage. Oil prices were negatively affected this week due to the large increase in US crude stockpiles and the general risk aversion that resulted from the possibility of … Read more
The Federal Reserve Bank of Philadelphia released a manufacturing index of -24.3 in February, an unexpected drop from -8.9 in the previous month. March 2022 (2023 REUTERS/Elijah Nouvelage) (Reuters) – The Philadelphia Federal Reserve’s manufacturing index fell sharply to -24.3 in February, unexpectedly worse than -8.9 in the previous month. Input cost growth accelerated for … Read more
Stocks rose in Asia after the rise of US stocks and the wave of selling in Treasury bonds, as investors assessed the new data that indicated further tightening of monetary policy by the Federal Reserve in the future. Stocks rose in Australia, South Korea, Japan and China. Hong Kong stocks rose to halt four days … Read more
Philadelphia Federal Reserve Bank President John Harker said on Thursday that a default on U.S. Treasuries caused by political turmoil over the federal debt ceiling and budget deficit would be disastrous. Photo courtesy of the US Congress. February 2022 (2023 REUTERS/Tom Brenner) [１０日 ロイター] – Philadelphia Federal Reserve Bank President John Harker said on Thursday … Read more
Treasury bonds and the dollar US Treasuries posted a modest increase at the front of the yield curve, with the monetary-policy-sensitive two-year yield falling by 3 basis points. Falling bond yields indicate that traders are betting that pressure to raise interest rates will ease. The dollar traded near its lowest level since April and the … Read more
Growing confidence in the recovery of the Chinese economy and mounting evidence of a cooling rate United States inflation forward in support to oil prices Raw for the sixth day. West Texas Intermediate crude rose by 1.3%, settling above $78 a barrel, in the longest streak of daily gains since February. The US Consumer Price … Read more