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Yesterday was just another day where another policymaker pushed back on the exaggerated rate cut expectations. Federal Reserve’s (Fed) Christopher Waller said that the Fed should go ‘methodically and carefully’ to hit the 2% inflation target, which according to him is ‘within striking distance’, but ‘with economic activity and labour markets in good shape’ he […]

The post UK Inflation Unexpectedly Rebounds appeared first on Action Forex.

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29/11/2023

EUR/USD Analysis: Price Reaches the Level of 1.1000

Before yesterday’s trading session, the last time 1 euro was 1.1 USD was in the first half of August. The growth of the rate was facilitated by the weakening of the dollar, which occurred against the background of the words of Christopher Waller, a member of the Fed Board of Governors, who is known for […]
16/03/2024

The Weekly Bottom Line: Sticky Prices Could Delay Rate Cuts

U.S. Highlights February’s Consumer Price Index report showed that inflation came in higher-than-expected for a second consecutive month – a development which is likely to be on the Fed’s agenda at their two-day meeting next week. Spending in the retail sector disappointed expectations, despite some recovery from last month’s notable decline. With inflation top of […]
08/04/2024

Gold Hits New Record High Amid Favourable Factors

Gold’s price soared to a new record high on Monday, stabilising around 2344.00 USD per troy ounce. A confluence of factors is currently bolstering the precious metal’s value. Geopolitical tensions in the Middle East are a significant driver, positioning gold as a preferred “safe-haven” investment. Additionally, central banks worldwide are increasing their gold reserves, while […]