The US Fed maintained the Fed funds rate target at 0.25-0.50, on par with expectations. Nevertheless, there were many changes to the central bank's statement that indicate that the Fed might keep the rates on hold in Mar…
The US Fed maintained the Fed funds rate target at 0.25-0.50, on par with expectations. Nevertheless, there were many changes to the central bank's statement that indicate that the Fed might keep the rates on hold in March. The central bank in its statement noted that that it is no longer 'reasonably confident' that inflation will reach the medium-term target of 2%.
The low core inflation indicates that FOMC might remain patient to raise rates. It reinstated that it is closely watching the global economic and financial developments. This indicates that the central bank is taking into account the financial market disturbance and the development in China and other emerging nations.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
