Fed

As the Federal Open Market Committee (FOMC) prepares to reveal its rate decision at 2 p.m. ET on Wednesday, market watchers and economists are speculating about the Federal Reserve’s next actions. What To Expect From The FOMC The consensus view is that the Fed is likely to maintain its...

The 10-year Treasury closed Tuesday at 4.37% yield, marking its highest level since Nov. 7, 2007 as investors brace for the upcoming Federal Reserve Open Market Committee (FOMC) rate announcement on Wednesday. September is poised to potentially become the fifth consecutive month of yield increases...

As the world watched for a general decline in inflation, a potential 2023 economic surprise might be right around the corner: oil prices surpassing $100 a barrel. Fueled by supply constraints from major oil-producing nations such as Saudi Arabia and Russia, and coupled with an unexpected display of...

U.S. Rep. Rudolph Yakym (R-Ind.) announced on Monday support for the earlier reintroduced CBDC Anti-Surveillance State Act by Majority Whip Tom Emmer, as reported by CoinGape. The act is to halt “The efforts of unelected bureaucrats in Washington, D.C. from issuing a central...

The August Consumer Price Index (CPI) report showed that consumer inflation increased by slightly more than expected during the month. Headline consumer inflation rose to 3.7% on a year-over-year basis, up from July’s 3.2% increase. This was driven by a 0.6% rise in headline consumer prices...

As the market eagerly awaits the next CPI report, the overarching question remains: Is the U.S. economy on track to hit the Fed’s 2% inflation target, or are we grappling with more tenacious inflationary trends? The July Curveball and What’s In Store For August: Despite a year-long...

Once again in the spotlight, Brent crude oil prices, are at their highest levels this year. This is largely due to anticipated further reductions in oil output from major exporting countries. In a surprising move, Saudi Arabia has hinted at even more significant production cutbacks in the near...

In a reassuring sign for investors and policymakers, a key inflation gauge measured by the Federal Reserve Bank of New York revealed that the Multivariate Core Trend (MCT) inflation rate was 2.8% in July, holding steady at from a downwardly revised level in June. This figure was the lowest level...

The U.S. dollar is currently on an eight-week winning streak, flexing its muscles to reach levels not seen since February 2023. While this surge may suggest imminent rate hikes, the latest Federal Reserve signals and economic data actually tell a different tale. The Dollar Index Takes Off The U.S...

It has been a data-rich week, culminating with the Bureau of Labor Statistics releasing the August jobs report on Friday. Despite non-farm payrolls surpassing expectations at 187,000 versus the projected 170,000, the report revealed an uptick in the unemployment rate, rising from 3.5% to 3.8%, and...

After a week packed with economic updates, the most eagerly awaited report is slated for release this Friday at 8:30 a.m. ET. We’re talking about the Bureau of Labor Statistics’ August jobs report, which measures monthly changes in employment growth, unemployment rate, and pay dynamics...

Midday trading on Tuesday saw a rally in stocks as investors bet the Federal Reserve would hold off on raising interest rates amid the latest weaker-than-expected economic data.  The JOLTs report showed that in July there were 8.8 million job openings, down 338,000 from June and far lower than the...

Matrixport, a crypto service provider overseeing over $3 billion in assets, is out with its latest call on Bitcoin (CRYPTO: BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. On Aug. 15,...

If investors hoped that the recent Jackson Hole symposium would clarify the Fed’s direction on interest rates, it appears to have only added more ambiguity to the market. Fed Chair Jerome Powell‘s speech carried both hawkish and dovish undertones. He asserted the Fed’s...

In a day marked by a chorus of voices from the Federal Reserve at the prestigious Jackson Hole Symposium, a wide range of opinions echoed through the financial corridors. As Fed Chair Jerome Powell struck a more hawkish tone, indicating the readiness to further hike rates if circumstances dictate,...