Fed’s Daly: Need to keep an open mind about further rate cuts
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Monday that Fed policymakers need to keep an open mind about further rates cuts, per Reuters.
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CNY: Low inflation despite surprise – Commerzbank
Over the weekend, Chinese inflation figures were published and showed a slight surprise on the upside. In this case, however, this should be seen as positive – because while the rest of the world is struggling with inflation that tends to be too high, China is still on the brink of deflation. -
Dollar Plays on Bets
The US dollar is losing confidence again. The Fed doubts that interest rates will be lowered. The Bank of Japan intends to continue the cycle. The yen is testing the authorities’ resolve. The US dollar is in a tug-of-war. On the one hand, the Supreme Court is likely to rule that Donald Trump’s tariffs are […]
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Good News for Crypto Bargain Hunters
Market Overview The crypto market jumped 4.5% in the last 24 hours, following reports of progress in ending the US government shutdown and promises by the US president to distribute $2,000 checks to families, with the funds received from tariffs. The positive effect of this news has been amplified by the fact that a more […]
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Portugal Global Trade Balance dipped from previous €-8.622B to €-8.94B in September
Portugal Global Trade Balance dipped from previous €-8.622B to €-8.94B in September -
Dollar Index Pulls Back from a Key High
As the Dollar Index (DXY) chart shows, the index is currently trading below its 5 November high, which formed after a false bullish breakout (marked by an arrow) above the 1 August peak — a scenario previously outlined in the post “The Dollar Index Near a Key High.” According to Trading Economics, trader sentiment at […]
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Fed’s Daly says need to keep an open mind about further rate cuts
- Fed needs to guard against inflation risks
- But should not ignore possibility of productivity boom and faster non-inflationary growth
- Tariff-driven price increases not spilling over into broader inflation
- The balance of risks has shifted as the labour market has softened
- Inflation has declined but remains elevated
- Policy remains modestly restrictive, economy has been resilient this year
There’s nothing new in her commentary with it still being a bit of a toss up for the Fed in deciding for December. But now with the US government shutdown set to end soon, economic data could further expose labour market vulnerabilities and reaffirm odds for another cut next month.
This article was written by Justin Low at investinglive.com.
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Here are 4 things that could go right for stocks — and what would hold them back
What happens if we get oversold, which is always a strong possibility? And then a host of things go right? The snap-back rally could be vicious. -
Eurozone Sentix falls to -7.4, growth outlook darkens, debt fears persist
Eurozone investor sentiment deteriorated again in November, reinforcing concerns that the bloc’s economy remains mired in stagnation. Sentix Investor Confidence Index fell sharply to -7.4 from -5.4 in October, missing expectations of -3.9. Current Situation Index dropped to -17.5 from -16.0. Expectations slipped to 3.3 from 5.8. Sentix said there was “little sign of an […]
The post Eurozone Sentix falls to -7.4, growth outlook darkens, debt fears persist appeared first on Action Forex.
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USD/INR trades firmly while US Senate approves bill to end shutdown
The Indian Rupee (INR) trades flat against the US Dollar (USD) on Monday, with the USD/INR pair consolidating around 88.80.
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