The U.S. economy continues to send mixed signals as it approaches a key juncture in its monetary policy. This is the case despite the news leaning positive last week. Latest data from the Bureau of Economic Analysis has printed a …
If the Core PCE Index comes in higher than expected, it could trigger a significant market reaction, as it would suggest that inflationary pressures are more persistent than previously thought.
On Tuesday, August 20, the Canadian Consumer Price Index (CPI) is forecasted to rise by 0.40% month-over-month, a reversal from the previous decline of -0.10%. This data release could exert downward pressure on the USD/CAD if the pair has not …
The S&P 500 staged a dramatic comeback, posting its largest gain since 2022 with a 2.3% rise on Thursday. By the end of the week, the index had recovered over 4% from its Monday lows, and the VIX had settled …
While maintaining its cautious approach to monetary policy, the Fed has signaled the possibility of a rate cut as early as September if inflation continues to ease.
This week, expect some additional volatility in the US as a slew of important data releases hover in the horizon. Before we delve into that, we take a quick a look at some of the key observations this week. The …
Fed Chair Jerome Powell recently emphasised that the latest inflation figures boost confidence in reaching the 2% inflation target, suggesting a potential rate cut in September. June retail sales in the US, excluding autos, rose by 0.4%, surpassing expectations.
A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the …
Traders continue to watch the Federal Reserve’s indications regarding potential rate cuts. Despite new forecasts for monetary policy that include an interest rate reduction in 2024, market expectations remain firm for the first cut in September, followed by another in …
This week, US equity markets experienced a subdued uptick, with the Nasdaq gaining 6.76% month-to-date (MTD), the S&P 500 rising by 3.89% MTD, and the Dow Jones adding a modest 36 points, or 0.09%. Traders are waiting with bated breath …
