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The minutes from the January 30-31, 2024 Federal Open Market Committee (FOMC) highlight that the Fed has not declared victory in its fight against inflation, and that curtailing price pressures remains the current focus for the Fed. On the current economic backdrop, Committee members noted that “recent indicators suggested that economic activity had been expanding […]

The post Fed Minutes Confirm that FOMC Will Take a Cautious Approach to Rate Cuts appeared first on Action Forex.

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12/07/2024

Soft US CPI Boosts Reflation Trade

I don’t know for the Federal Reserve (Fed) but investors definitely got to the evidence that inflation is on a right path to justify a Fed rate cut sooner rather than later yesterday after the latest CPI report printed a slower-than-expected figures both for headline and core inflation, both on a monthly and on a […]
14/05/2024

Pound Edges Lower as UK Labor Market Cools

The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment report. The economy shed 178,000 jobs in the three […]
21/06/2024

Week Ahead – US PCE Inflation the Highlight of a Relatively Light Agenda

Core PCE inflation to test bets of two Fed rate cuts in 2024 Yen awaits BoJ Summary of Opinions, Tokyo CPI Canadian CPI data also enters the spotlight Will PCE data confirm Fed rate cut bets? Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the […]