23 August 2024
Investors opted for caution a day before Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium that ends on Aug. 24.
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22 August 2024
Fed officials last month leaned heavily toward cutting interest rates at their September policy meeting, according to the minutes of the July 30-31 FOMC Meeting.
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21 August 2024
With a relatively light economic data calendar this week, all eyes are on the release of the Fed's July meeting minutes on Wednesday and Fed Chairman Jerome Powell's speech at the Jackson Hole annual meeting event on Friday for clues on the outlook for US interest rates.
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20 August 2024
The US DOLLAR weakened in trading on Monday (19/08/24), following a surge in the equity market last week driven by expectations that the US economy would be able to achieve a soft landing, namely: avoiding a recession while at the same time inflation is declining, which will smooth the way for interest rate cuts.
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19 August 2024
Upbeat economic data continued to emerge ahead of the Federal Reserve's annual Jackson Hole meeting. Survey data from the UNIVERSITY OF MICHIGAN released on Friday showed that consumer sentiment recovered in August for the first time since May, boosted by developments in the US presidential election, which further eased concerns about the economy.
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