This week, investors are zeroing in on US inflation data and the Federal Reserve’s monetary policy decision, with key UK employment figures on Tuesday also potentially influencing the Bank of England’s next move. The Federal Reserve is widely expected to maintain current borrowing costs, but uncertainty surrounds officials’ rate projections. A 41% plurality of economists […]

Investors are keenly anticipating the Federal Reserve’s updated interest rate forecasts on Wednesday, which may offer insights into the central bank’s commitment to easing monetary policy. Meanwhile, the Bank of Japan is expected to keep its policy steady in its announcement scheduled for Friday. Oil prices inched higher after experiencing a weekly decline, as the market continues to

Market participants are keenly awaiting a crucial US jobs report likely to influence the Federal Reserve’s policy outlook. The dollar remained steady, while Treasury yields inched higher. Traders have intensified their bets on rate cuts in the past week, spurred by softer-than-expected US economic data and recent policy easing by the Bank of Canada and the

The dollar came under pressure as markets reassessed bets on interest-rate cuts, retreating as policy easing in Canada shifted focus to the US rate path. Investors are also anticipating a potential rate reduction by the European Central Bank when policymakers meet on Thursday. Ahead of this week’s US jobs report, a private payrolls reading on Wednesday showed

Markets are shifting their focus to a series of labor-market readings this week, including Friday’s US jobs report, for further clues on when the Federal Reserve might deploy rate cuts. Early Wednesday, gold prices attempted a tepid rebound toward $2,340, having tested a three-week low of $2,315 a day earlier. Investors are now closely watching

Investors are navigating concerns about the US economy’s health while growing increasingly optimistic about early Federal Reserve policy easing. The dollar stabilized after weakening against most major and Asian currencies. Market participants are likely awaiting more US data, especially Friday’s critical jobs report, to gain clearer insights into the trajectory of the world’s largest economy and

Traders are on alert for pivotal inflation data from both the region and the US, set for release later on Friday. The dollar and US Treasuries have steadied ahead of the Federal Reserve’s preferred price gauge, following a report indicating softer US economic growth, with spending and inflation both revised downward. Markets expect the core Personal

Gold prices fell for the first time this week, pressured by growing market skepticism that the Federal Reserve will implement more than one interest rate cut in 2024. Current market sentiment suggests a 53% chance the Fed will hold rates steady in September, with a 60% probability of a rate cut in November. Recent hawkish remarks from

Investors are recalibrating their expectations for US rate cuts in response to rising Treasury yields and hawkish comments from a Federal Reserve official. Resilient consumer confidence data and higher rates in the US have heightened the risk of prolonged elevated rates. Remarks from Fed’s Neel Kashkari highlighted the central bank’s restrictive policy stance, with the possibility

The US dollar could face downward pressure later this week if the US core PCE deflator moderates, China’s PMIs show improvement, or euro-zone inflation re-accelerates due to statistical quirks. Traders are gearing up for a week packed with inflation data from Australia, Japan, the eurozone, and the US. The Federal Reserve’s preferred inflation gauge, the core Personal Consumption