Month: January 2024

Investors scale back bets of a March Fed rate cut US economic data since December point to improvement Focus turns to Fed meeting for clearer guidance on interest rates Decision on Wednesday at 19:00 GMT, Read more…

Elon Musk’s artificial intelligence startup, xAI, is in talks to raise $6 billion in funding at a valuation of $20 billion, according to new reporting from the Financial Times.  Sources told FT that Musk has Read more…

It’s a packed week ahead with key central bank decisions and big data releases Will the Fed (Wednesday) and Bank of England (Thursday) signal rate cuts? US jobs report, Eurozone GDP & CPI will also Read more…

Lamar Jackson is favored to win the NFL’s 2024 MVP award, the league’s highest honor. Kevin LeVick/TheStreet Just six years into the NFL, and Lamar Jackson has already changed the way the game is played Read more…

As expected, the ECB kept rates unchanged and did not provide new guidance. At the press conference, President Lagarde said that she stands by her earlier comments that rate cuts could come in the summer. Read more…

The Euro rose to the upper side of near-term congestion on Friday, after hitting new marginally lower low of larger downtrend from 1.1139 (Dec 28 peak). Today’s bounce points to still strong bids, although without Read more…

Markets European bond markets still opened stronger in the wake of yesterday’s unconvincing press conference by ECB President Lagarde. The move lacked momentum though with first individual ECB members sounding more hawkish than Lagarde did. Read more…