31 May 2024
The US Commerce Department reported that the US economy grew slower than expected in the first quarter after a downward revision to consumer spending, leaving US GDP to grow at an annualized rate of 1.3% compared to the previous estimate of 1.6%.
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30 May 2024
The US Treasury yields rose after a third consecutive weak auction of US government bonds, plus investors worried about the prospect of higher interest rates as they await the key US inflation report PCE price index due on Friday.
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28 May 2024
US & UK MARKETS are closed on Monday (27/05/24) due to the Memorial Day holiday, so traders are debating what the EUROPEAN CENTRAL BANK will decide on June 6.
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22 May 2024
Investors are also looking forward to the Fed's latest meeting minutes, which are scheduled to come out on Wednesday, after several Fed officials on Tuesday reinforced the stance that it is best for the central bank to be patient before starting to cut interest rates.
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21 May 2024
GOLD surged to an all-time high as investors weighed hawkish comments from Federal Reserve officials regarding the handling of US Inflation. Fed officials' comments still reflected the US central bank's cautious view on their progress in controlling inflation, as well as the timing of interest rate cuts.
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