Fed cuts federal funds rate by 50 bps to 4.75-5.00% today. While the decision was not unanimous, only Fed Governor Michelle Bowman dissented and voted for a 25bps cut. Fed acknowledged that job gains have “slowed” while unemployment rate has “moved up”. At the same time, inflation has made “further progress” towards 2% target. In […]
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Starbucks (SBUX) CEO Brian Niccol has a stern message for his employees, and many may not be too thrilled about it. As companies across the country are starting to cut back on remote work, with Read more…
Dollar finished last week on the back foot, reacting to Fed’s decision to cut rates by 50 bps. While the greenback lost ground to most major rivals, its decline was relatively modest. Notably, Dollar managed Read more…
EUR/USD’s strong rebound last week suggests that correction from 1.1200 has completed at 1.1001 already. Initial bias stays mildly on the upside this week. Decisive break of 1.1200 will resume whole rally fro 1.0665 to Read more…