Photo by Vjeran Pavic / The Verge Small businesses will soon be able to use iPhones to accept payments without the need for Square-style extra hardware, according to a Bloomberg report. The feature has been Read more…
Consumer prices rose 1.4% in the December quarter. That took the annual inflation rate to 5.9%, its highest level since 1990. Inflation pressures are broad based, boosted by a potent cocktail of strong demand and Read more…
Key Highlights AUD/USD started a fresh decline from well above 0.7280. It traded below a key contracting triangle with support near 0.7185 on the 4-hours chart. EUR/USD is struggling below 1.1300, and GBP/USD declined below Read more…
Crude oil prices have extended their upsurge and Brent has breached the psychologically-important barrier of $90 per barrel. The latest gains came despite an unexpected build in US oil stocks, suggesting the upward pressure is Read more…
As we noted in our FOMC meeting preview report, there was always going to be only an outside chance of any changes to monetary policy at today’s Fed meeting…and as it turned out, that’s exactly Read more…
Photo by Vjeran Pavic / The Verge Samsung Electronics broke both its quarterly and annual records for revenue in the fourth quarter of 2021, making 13.87 trillion won (~$11.5 billion) in operating profit off 76.57 Read more…
Key takeaways Fed Chair Jerome Powell sounded hawkish during the press conference emphasising that labour demand and inflation are very high (“both mandates” are p ulling in the direction of tighter monetary policy). Powell spent Read more…
Summary As was widely expected, the FOMC made no major policy changes at its meeting today. Specifically, the Committee unanimously agreed to keep its target range for the federal funds rate unchanged at 0.00% to Read more…
No changes to policy rate or pace of QE tapering All eyes on March meeting as statement notes “it will soon be appropriate” to raise rates Fed to start shrinking its balance sheet after rate Read more…
The Federal Reserve Open Market Committee (FOMC) kept the federal funds rate at the current 0% to 0.25% range and will continue to taper its asset purchases so that its Quantitative Easing (QE) program ends Read more…