Forex News
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Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week. The hearing was called to address oversight of financial regulators, including the Office of the Comptroller ...
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Renaissance Technologies LLC, the quantitative fund founded by the late Jim Simons, loaded up on shares of meme-stock darlings AMC Entertainment Holdings Inc. and GameStop Corp. ahead of the latest rally. The hedge fund bought 3.82 million shares of AMC in the first quarter of 2024, adding to its position in the movie theater chain, according to regulatory ...
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In our team meetings, we often discuss the shifting sands of the market. Not only is it an interesting topic, but it poses a challenge for asset allocators. We are in the midst of a multi-year outperformance cycle for large-cap growth. The companies that have driven this outperformance have all become household names: Alphabet, Amazon, Apple, Meta, ...
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In April, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, and ...
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post: FED'S BOSTIC: I AM PLEASED WITH INFLATION PROGRESS IN APRIL BUT THE FED IS NOT YET THERE. post: FED'S BOSTIC: THERE IS STILL A LOT OF PRICING PRESSURE IN THE ECONOMY. post: *BOSTIC: CPI NUMBER CAME IN LOWER THAN 3-MO. AVG. FOR THIS YEAR *BOSTIC: SHELTER CAME IN HIGH BUT ITS LOWEST SINCE MID-2021 *BOSTIC: FIRMS CAN'T 100% PASS THROUGH PRICES, ECONOMY SLOWING post: FED'S BOSTIC: I AM HEARING BUSINESSES SAY THEY ARE AT THE LIMITS OF PRICING POWER AND NOT ABLE TO FULLY PASS-THROUGH INPUT COSTS. post: FED'S BOSTIC: IT COULD BE APPROPRIATE TO REDUCE RATES TOWARD YEAR END.
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Federal Reserve Bank of Cleveland President Loretta Mester said policymakers need more data to be confident inflation is on a path to the central bank’s 2% target, and suggested officials should keep interest rates elevated for longer to make it happen. Monetary policy is well positioned at the moment, Mester reiterated, adding she expects price growth to ...
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Federal Reserve Bank of Cleveland President Loretta Mester said policymakers need more data to be confident inflation is on a path to the central bank’s 2% target, and suggested ...
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The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted ...
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The Fed hiked rates above 5%, and yet the US economy doesn't break. Back in 2022 already, the yield curve inverted and it has stayed inverted ever since. The lags looked ...
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post: FED'S BOSTIC: I AM PLEASED WITH INFLATION PROGRESS IN APRIL BUT THE FED IS NOT YET THERE. post: FED'S BOSTIC: THERE IS STILL A LOT OF PRICING PRESSURE IN THE ECONOMY. post: *BOSTIC: CPI NUMBER CAME IN LOWER THAN 3-MO. AVG. FOR THIS YEAR *BOSTIC: SHELTER CAME IN HIGH BUT ITS LOWEST SINCE MID-2021 *BOSTIC: FIRMS CAN'T 100% PASS THROUGH PRICES, ECONOMY SLOWING post: FED'S BOSTIC: I AM HEARING BUSINESSES SAY THEY ARE AT THE LIMITS OF PRICING POWER AND NOT ABLE TO FULLY PASS-THROUGH INPUT COSTS. post: FED'S BOSTIC: IT COULD BE APPROPRIATE TO REDUCE RATES TOWARD YEAR END.
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In April, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly ...
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April new house prices in China -0.6% m/m. • -0.3% prior. -3.1% y/y. • Prior -2.2% New house prices slumping, used houses prices down also, -0.9% m/m. House prices falling more ...
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EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week. The pair remains notably up for the trading week, but a late break for the US Dollar is on the cards as investors second-guess the Fed Reserve’s (Fed) stance on rate cuts and keep one foot in the safe haven USD. A June rate cut ...
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The US dollar selling stalled in the first half of Thursday’s session even though further evidence of an economic slowdown emerged, following Wednesday’s disappointing macro pointers. Today’s disappointing US macro pointers included jobless claims, industrial production, housing starts and building permits. It looks like traders were put off from selling ...
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Online retail brokerage Tickmill has introduced a new interest rate offering that allows clients to earn up to 3.5% interest per year on their unused funds. The best part is that your money stays available for trading whenever a good opportunity comes along. Per its press release, this initiative is part of the London-based broker’s effort to provide ...