11 July 2024
Expectations of a Federal Reserve rate cut in September and hopes of a soft landing for the economy were supported by the latest inflation data. US CPI in June fell 0.1% mom, contrary to the 0.1% increase forecast.
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10 July 2024
Federal Reserve Chairman Jerome Powell told lawmakers that more "good" economic data would strengthen the case for an interest rate cut. In testimony before Congress, Powell said that while inflation "remains above" the 2% soft-landing target, it has evidently flattened in recent months as the labor market eases to pre-Covid pandemic levels.
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9 July 2024
The market remains cautious ahead of FEDERAL RESERVE CHAIRMAN Jerome Powell's STATEMENT before Congress and important US Inflation data this week.
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8 July 2024
The latest data showing a weakening US labor market increased expectations of an imminent interest rate cut in September. Labor Department data showed US job growth slowed marginally in June, with US Nonfarm Payrolls revealing public sector job additions of 206k in June, albeit above expectations of 191k but down from 218k in May.
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5 July 2024
Optimism of a US interest rate cut this year could come to fruition after the latest US economic data showed an economic slowdown; while Europe is abuzz with the political process as the UK election situation predicts a historic victory for the Labour Party.
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