Gold rallies to new high after fall in consumer confidence
Gold (XAU/USD) rallies to another record high of $2.670 per troy ounce on Wednesday after an unexpected drop in US Consumer Confidence data on Tuesday increased bets of more aggressive easing and ...
Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures
The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the ...
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Australia’s central bank keeps rates on hold, stays hawkish
Australia's central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, ...
Australia's central bank holds rates, softens hawkish stance slightly
Australia’s central bank on Tuesday reiterated that interest rate cuts were unlikely in the near term as it held policy ...
Fed's Kashkari says 50 basis points rate cut was 'right decision'
Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said he supported the U.S. central bank's recent ...
Dollar Records Modest Weekly Losses Amidst Fed's Jumbo Rate Cut
A larger-than-expected rate cut by the Federal Reserve on Wednesday dragged the U.S. dollar and the six-currency Dollar Index lower ...
A stunning sterling rally is about to collide with Britain's political realities
The pound’s rally on the back of the Bank of England communication “looks fully justified,” Chris Turner, global head of markets at ING, said.
The Wall Street economist who nailed the Fed’s ‘joyous’ rate cut sees the same thing again
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically ...
Brazil’s Real Jumps After Central Bank Delivers Hawkish Hike
Brazilian markets rallied on Thursday as the central bank’s unanimous decision to raise interest rates — and a statement ...
Just like Greenspan, Powell's 'recalibration' on interest rates may boost stock market, strategist says
On the stock market, he is still constructive. He has previously come up with his own recession indicator, creatively dubbed the Perkins rule, which states that it's a contraction in employment rather ...
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Fed Cuts Rates by 50 Basis Points: Gold Prices Surge Then Fall Back Amid Hawkish Tone
On Wednesday, the Federal Reserve announced a significant interest rate cut of 50 basis points. The September FOMC dot plot ...
Fed starts rate-cutting cycle with a bang - but wants it to be the only one
The Federal Reserve cut its policy interest rate by half of a percentage point on Wednesday, a more aggressive move than many economists expected. The central bank opted to start "with a bang," said ...