Fed’s Beige Book shows modest economic growth as prices rise
The Federal Reserve (Fed) released its Beige Book on Wednesday, in which the US central bank stated that economic activity increased modestly since early July, while overall employment rose slightly. Regarding inflation, prices rose in eight districts. Input pressures were elevated in manufacturing and construction across multiple districts due to price increases in energy, raw […]
New Jersey takes fight over Kalshi’s prediction market to US Supreme Court
New Jersey takes fight over Kalshi’s prediction market to US Supreme Court Source link
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions – FXStreet
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions FXStreet Source link
Downside risks build against US Dollar as oil rises – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note EUR/USD has slipped to the upper 1.15s, with sentiment turning bearish despite supportive yield spreads. They link the renewed deterioration to rising Oil prices and concerns over Euro area terms of trade. Spot is now drifting below their narrow fair value estimate of 1.1619, and technical focus […]
Redburn starts Mettler-Toledo at Sell, sees valuation outpacing growth
Redburn starts Mettler-Toledo at Sell, sees valuation outpacing growth Source link
Gold (XAUUSD) Price Forecast: XAUUSD Bounces from Value Zone Test as Yields Hit 4.8% – FXEmpire
Gold (XAUUSD) Price Forecast: XAUUSD Bounces from Value Zone Test as Yields Hit 4.8% FXEmpire Source link
PG&E launches review, defers $2 billion in spending after wildfire bill setback
PG&E launches review, defers $2 billion in spending after wildfire bill setback Source link
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions – Mitrade
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions Mitrade Source link
Hawkish Fed expectations underpin strength – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that higher Oil prices and renewed US-Iran tensions have pushed global bond yields higher and strengthened the US Dollar, with markets fully pricing a 25bp Federal Reserve (Fed) rate hike by October. Fed Governor Barr’s comments that further rate increases may be warranted reinforce this hawkish backdrop, […]
JPMorgan sees nonfarm payrolls in goldilocks zone
JPMorgan sees nonfarm payrolls in goldilocks zone Source link
