US stocks surged sharply higher overnight, with DOW and S&P 500 closing at new record highs. Market participants expressed relief and optimism as Fed’s maintained forecast of three rate cuts for the year. Fed Chair Read more…
The Federal Reserve announced March 20 that it was holding its key lending rate, the Federal Funds Rate, at current levels and suggested it will be cutting rates soon. The decision was expected, and the Read more…
SNB will announce its rate decision on Thursday at 08:30 GMT Inflation has cooled, so market is pricing 35% chance of rate cut For the Swiss franc, the outlook has started to turn negative Inflation Read more…
GDP contracted by 0.1% in the December quarter, slightly softer than Westpac and RBNZ estimates. Key results Quarterly change: -0.1% (last: -0.3%, Westpac f/c: 0.0%, market f/c: 0.1%, RBNZ 0.0%) Annual change: -0.3% (Last -0.6%, Read more…
Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25-5.50% at the conclusion of its March meeting. The Summary of Economic Projections showed that the vast majority of the Read more…
The Fed made no changes to its monetary policy in the March meeting, as widely expected. Updated rate projections still signal three rate cuts this year, but 2025, 2026 and longer-term ‘dots’ we revised slightly Read more…
The FOMC are sanguine on the growth and inflation outlook, and view the risks as coming into balance. March’s FOMC meeting communications and forecasts were largely as expected, highlighting policymakers’ confidence in the fight against Read more…
Gold reversed from key support level 2150.00 Likely to rise to resistance level 2197.00 Gold earlier reversed up from the key support level 2150.00 (former strong resistance, which stopped the earlier upward impulse wave (1) Read more…
Investors have many options for investing their hard-earned cash. Stocks and bonds or commodities like gold are among the most common choices. Stocks have been the biggest winner since fall, but gold bugs can’t complain. Read more…
Oil is an asset defined by volatility. U.S. crude prices stood above $60 a barrel in January 2020, just as the covid pandemic began. Three months later, prices briefly went negative, as the pandemic crushed Read more…