About: josephine
Recent Posts by josephine
US Producer Prices Index fell unexpectedly, Reflecting a Drop in Energy Costs.
US stocks slid on Thursday and erased gains on speculation the rally that followed softer inflation data went too far, with Federal Reserve still setting monetary policy tight. A key measure of US producer prices unexpectedly fell for the first time in more than two years, mainly reflecting a drop in energy costs. A similar Continue Reading
Special Gold Coverage: Will XAU/USD Goes above $1,800? NFP is the key
The price of gold has reached a monthly high and is currently trading just below the $1,800 level. This comes as bulls take a breather following the recent increase in price and in anticipation of the all-important US Nonfarm Payrolls report. The markets witnessed a temporary safe haven bid in the US dollar in the Continue Reading
US Fed’s Jackson Hole Symposium, US Data in Focus This Week
The US Federal Reserve’s 2022 Jackson Hole Symposium will be held in Cheyenne, Wyoming, from 25-27 August. Central bankers and economists from across the globe will attend the event. The meeting is one of the most anticipated events for economists and investors alike as it offers an opportunity for Fed officials to discuss their outlook Continue Reading
With a slowdown in Inflation, will Fed Ease Monetary Policy?
US stock rallied on Friday, with investors assessing whether an inflation slowdown could soon make the Federal Reserve reduce the pace of its most-aggressive tightening campaign in decades and prevent a hard landing. The next few weeks will be crucial in determining the sustainability of the rally. As the earnings season is almost over, economic Continue Reading
Strong job report, Fed to raise rates
US stock notched a weekly gain on Friday, as a release of an unexpectedly strong jobs report, which alleviated recession fears but cleared the path for the Federal Reserve to raise interest rates in a more hawkish way at its next meeting. The report validated the Fed’s view of a resilient economy that can withstand Continue Reading
