Fed’s Goolsbee says this is a ‘strange and unprecedented moment’ for U.S. economy
The U.S. economy is in a strange and unprecedented moment, according to Austan Goolsbee, the new president of the Chicago Federal Reserve Bank. In his first speech since taking office last month, Goolsbee said he had no doubt that the economy will face “bumps in the road.” He gave the speech at an event hosted […]
ECB Visco says further tightening can continue with caution, regard to steps already taken
Ignazio Visco is Governor of the Bank of Italy and thus a European Central Bank Governing Council member. He spoke over the weekend in front of Italy’s Assiom-Forex financial markets association.: “The policy tightening can now continue with the due caution, carefully assessing the implications for the economy and inflation prospects of the measures that […]
XAU/USD aims to extend rally above $1,920 as Fed to ease policy tightening pace
Gold price is looking to extend gains above $1,920.00 decisively amid weakness in the US Dollar Index (DXY). The Fed is expected to scale down the policy tightening pace amid declining inflation. S&P500 recorded a four-day winning streak, portraying a risk-on market mood. Gold price (XAU/USD) has turned sideways after a juggernaut rally to near […]
US December CPI in line with estimates, Fed expected to gear down to 25 bp tightening rate |
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Dollar has peaked but set for last hurrah as markets underpricing Fed tightening By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has peaked, but could be set for a last hurrah in the coming months before resuming a steeper downtrend as the Federal Reserve’s higher for longer rate regime isn’t yet priced in, according to Goldman Sachs. The , which measures the greenback against a trade-weighted basket […]