The FOMC is expected to take a "wait-and-see" attitude during its upcoming meeting this week due to the increasing worries regarding China, the likelihood of a sharp slowdown in the Q4 GDP growth of the US and the renewe…
The FOMC is expected to take a "wait-and-see" attitude during its upcoming meeting this week due to the increasing worries regarding China, the likelihood of a sharp slowdown in the Q4 GDP growth of the US and the renewed decline in oil prices. The US Fed is not expected to give a clear hint whether it has altered its intentions of tightening policy in 2016 even if the central bank is likely to acknowledge the increased threats to the outlook caused by the recent tightening of financial conditions.
The US Fed in its December review meeting had hinted at four 25 bp rate rises in 2016. Hence the central bank is not likely to make any major changes to its forward guidance as it will try to keep its options open. The FOMC statement is expected to indicate a slight downgrade in the central bank's economic assessment.
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…
