City Powell, county Jerome Financial News

17.07 / 05:30

markets UPS Target Waters Sustainability Gold soars to record peak as US rate-cut bets burnish appeal

Gold prices jumped to an all-time peak on Wednesday, driven by mounting hopes of a U.S. interest rate cut in September after recent comments from Federal Reserve officials. Spot gold was up 0.5% at $2,479.75 per ounce, as of 0158 GMT, after hitting a record peak of $2,481.09 earlier in the session. U.S. gold futures gained 0.6% to $2,482.00.

17.07 / 03:32

markets Target Sustainability Trade President show Dollar, US futures rise as 'Trump trade' stings other assets

dollar, prompting more warnings from Japanese officials after last week's suspected intervention. Federal Reserve Chair Jerome Powell said at an event on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower.

16.07 / 15:42

Target CME Trade show Updates Traders see the odds of a Fed rate cut by September at 100%

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16.07 / 15:22

markets CME Trade War track Gold heads for record high close on view that Fed is poised to cut rates

Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion.

16.07 / 14:10

Target ETF Sustainability WhatsApp gatherings Gold rises with US rate cut optimism, close to record high

Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold gained 0.8% to $2,440.29 per ounce by 1207 GMT. The bullion hovers only slightly below the record high of $2,449.89 hit on May 20.

16.07 / 13:58

markets Target Reuters Sustainability reports Interviews International No rush for US Fed to cut rates, IMF's chief economist says

inflation data is allowing the Federal Reserve to begin a «very reasonable» shift toward easing rates, but a still-strong U.S. labor market means that there's no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. Gourinchas said in an interview accompanying the release of new IMF growth forecasts on Tuesday it is better for the Fed to wait a bit longer to ensure there are no further upside surprises on inflation like those in the first quarter that delayed expected rate cuts to later this year. «Given the good news on inflation, it's very natural that the Federal Reserve is now starting to look at what's happening in the labor market and wanting to make sure that they don't overdo it» with tight monetary policy, Gourinchas said.

16.07 / 11:42

markets Fox Election MSCI Trade reports Interviews US retail data awaited, European earnings disappoint

European stocks fell and US equity futures pared earlier gains as disappointing corporate earnings weighed on sentiment.

16.07 / 11:35

markets Fox JPMorgan Sustainability Food show country Fed's Powell says officials won't wait until inflation reaches 2% to cut rates

JPMorgan Asset Management Chief Market Strategist Gabriela Santos analyzes the Federal Reserve's decision making on 'The Claman Countdown.'

16.07 / 03:19

markets UPS Target wellness Trade President show Dollar drifts as Powell comments bring September rate cut in focus

Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrenices gained on rising odds of former President Donald Trump getting reelected. Powell said on Monday the three U.S. inflation readings over the second quarter of this year «add somewhat to confidence» that the pace of price increases is returning to the Fed's target in a sustainable fashion.

15.07 / 18:40

markets Reuters CEO Election President shooting country Fed's Powell condemns Trump assassination attempt: A 'sad day for our country'

Powell participates in a discussion at the Economic Club of Washington, D.C.

13.07 / 14:40

markets Target Progressive Remark wellness show reports Fed's Jerome Powell: "More good data" will "strengthen" case for rate cut

Fed Chair Jerome Powell said on Tuesday in congressional testimony. In comments that appeared to show increasing faith that inflation will return to the Fed's target, a requirement for easing monetary policy, Powell compared the lack of progress on that front in the first months of the year to recent improvement that has helped build the Fed's confidence that price pressures will continue to diminish. As well, the chair noted, the Fed is now also concerned about risks to the job market and economy should rates remain too high for too long.

13.07 / 14:10

markets Target WhatsApp Trade Dollar firm on Powell caution, kiwi bides time before rates decision

dollar was on the front foot on Wednesday having rebounded from a three-week low after Federal Reserve Chair Jerome Powell struck a cautious tone on how soon interest rate cuts would come. The New Zealand dollar edged higher ahead of the central bank's rate decision, with traders on alert for any signals on the timing for policy easing.

13.07 / 13:53

markets trends Trade Bitcoin Price Prediction Bitcoin Bitcoin Price reports Bitcoin Price Prediction: Impact of Fed’s Rate Cut Signals and Cooling CPI

The cryptocurrency market, particularly Bitcoin, has recently experienced notable fluctuations. Currently trading at approximately $58,000, Bitcoin has shown resilience despite a broader market downturn.

13.07 / 13:37

markets Remark CME Trade show Headlines Gold Prices Gold prices steady with spotlight on US inflation print

Gold prices held steady on Wednesday, with investors looking towards key U.S. inflation data that could shed more light on the Federal Reserve's interest rates trajectory. FUNDAMENTALS

13.07 / 13:27

Progressive Aware Fighting economy Sustainability show reports Fed's Powell: Prices are ‘back on disinflationary path,’ but more confidence is needed

KPMG chief economist Diane Swonk reacts to the Federal Reserve's decision to leave interest rates unchanged on 'The Claman Countdown.'

13.07 / 12:59

markets UPS Remark wellness show cover Gold ekes out gains as investors await US jobs data

Gold prices edged higher on Monday as a lower dollar prompted some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve. Spot gold was up 0.2% to $2,330.92 per ounce as of 10:02 a.m. ET (1402 GMT). Prices registered a more than 4% gain in the second quarter. U.S. gold futures gained 0.1% to $2,341.60.

13.07 / 11:24

markets COST wellness show reports rights Gold gains on softer dollar ahead of US Fed minutes

bank's latest policy meeting to gauge future interest rate cuts. Spot gold rose 0.7% to $2,345.00 per ounce by 1156 GMT. U.S. gold futures gained 0.9% to $2,354.60.

13.07 / 11:05

markets UPS BTC CEO Gap Trade Bitcoin Crypto Price Today: Bitcoin, Ethereum fall up to 3% on Fed’s hawkish tone; Solana, Cardano defy trends with 2% gain

Dogecoin, Avalanche, and Shiba Inu which were down by up to 2.5%. Altcoins that were trading in the green around this time included Solana, XRP, Toncoin, Cardano, and Tron which gained up to 2%.

13.07 / 10:53

markets UPS FIVE Racing Boeing Election show 5 world market themes for the week ahead

Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling the legislative programme of the new Labour Government. Don't race off for that summer break just yet.

13.07 / 08:46

UPS DOW Corning How major US stock indexes fared Monday, 7/8/2024

Stocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records

13.07 / 08:19

markets UPS economy Election pandemic show reports Labor market nearing pre-pandemic conditions, Fed report says

Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on The Claman Countdown.

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