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Today’s Important Developments 22.03.2024
The US manufacturing industry Purchasing Managers Index (PMI) increased by 0.3 points monthly in March, reaching 52.5, the highest level in 21 months. Second-hand home sales in the USA increased by 9.5 percent in February, reaching the highest level in a year. Cryptocurrency exchange FTX aims to negotiate a reduction in the US government’s bankruptcy […]
Today’s Important Developments 21.03.2024
Gold rose above $2,200 per ounce for the first time after the Fed maintained its forecast of three interest rate cuts this year. Fed kept the policy rate unchanged at 5.25-5.50 percent at its March meeting. The interest rate decision was taken unanimously. The expectation was that interest rates would not change. The Fed has […]
Today’s Important Developments 20.03.2024
Oil prices calmed down after a two-day rise as U.S. crude stockpiles pointed to a decline and investors counted down the Fed’s interest rate decision that will shape the overall course of the market. The People’s Bank of China kept one- and five-year loan interest rates unchanged at 3.45 percent and 3.95 percent, respectively. Asian […]
Today’s Important Developments 19.03.2024
The Bank of Japan (BOJ) ended the negative interest rate policy it started in 2016. BOJ increased its policy rate from the range of -0.1% to 0% to the range of 0% to 0.1%. As investors evaluate the central bank monetary policy decisions of the Bank of Japan (BOJ) and the Reserve Bank of Australia […]
Today’s Important Developments 18.03.2024
Despite the rise in US inflation in recent months, economists’ expectations of 3 interest rate cuts from the Fed this year and 4 for next year have not changed. The tightening cycle in global economies is preparing to give way to interest rate cuts. Markets, which broke records during the period when strict policies were […]
Today’s Important Developments 15.03.2024
While the US dollar strengthened on Friday, preparing to break its three-week losing streak, this was also supported by concerns about US inflation data that exceeded expectations. The data influenced the market’s expectations for the Federal Reserve’s interest rate decisions for the remainder of the year. According to Barclays strategists, if Donald Trump wins the […]
Today’s Important Developments 14.03.2024
US Treasury Secretary Janet Yellen said that she regretted the statement she made in 2021 that “inflation is temporary.” While the average interest rate for a 30-year mortgage (home loan) in the USA decreased to 6.84 percent, mortgage applications increased by 7.1 percent. Applications to purchase housing decreased by 11 percent on an annual basis. […]
Today’s Important Developments 13.03.2024
Core inflation in the USA exceeded forecasts for the second month, confirming the Fed’s cautious interest rate cut view. The US federal government’s budget deficit increased by 13 percent in February compared to the same month last year, reaching $296 billion. Gold extends losses as US inflation data reinforces Fed caution. CME Group signaled its […]
Today’s Important Developments 12.03.2024
American consumers’ short-term inflation expectations remained unchanged at 3 percent in February, remaining at the lowest level in the last 3 years. Gold fluctuated after eight consecutive days of gains as investors watched Tuesday’s consumer price index release for clues about when the U.S. Federal Reserve might start cutting interest rates. Unicredit Economist Erik Nielsen […]
Today’s Important Developments 11.03.2024
Last Friday, employment in the United States exceeded expectations in February, while wage gains remained moderate, signaling healthy economic growth and softer inflation. Following the data, the Fed swap market fully priced in a 25 basis point interest rate cut in June. Following the non-agricultural data in the USA that exceeded expectations, the ounce price […]
