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U.S. Highlights The Federal Reserve’s preferred inflation metric, the core PCE index, continued to cool in August with the 3- and 6-month annualized trends converging closer to the Fed’s 2% target. Federal Reserve officials who spoke this week noted that the slowing labor market was a key consideration in their monetary policy decision last week […]

The post The Weekly Bottom Line: Government Shutdown Averted as Price Pressures Continue to Ease appeared first on Action Forex.

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U.S. Personal Income and Spending Grow Less Than Expected in August

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U.S. Unemployment Rate Likely Inched Higher in September

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21/05/2024

Fed Rate Expectations Whipsawed by Fed Speakers and US CPI

It has been a rollercoaster period for Fed rate cut expectations Sticky US inflation is keeping the market on its toes Numerous Fed speakers this week; market sensitive to hawkish comments Dollar’s 2024 gains dented despite divergent monetary policy outlooks The year started with the market firmly believing that the Fed would deliver six rate […]
13/02/2024

Nikkei 225 Index Price Sets 34-year High

The price of the Nikkei 225 index is fixed above the level of 37,000 points. The last time this happened was after the index reached its all-time high in 1989. The bullish behavior of the Japanese stock market has the following reasons: → Strong corporate reporting. In particular, SoftBank shares rose 11% due to increased […]
06/09/2024

It’s P-Day Today

Markets The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and a downward revision to July’s report delivered another setback to yields. Outperformance at the front caused the 10-yr/2-yr spread to turn positive again only to […]