TREX Global:The market turns its attention to the inflation data of the United States in January
Several Fed policymakers support smaller rate hikes, jobs report does not change rate outlook. Several Fed policymakers said on Wednesday that further interest rate hikes were possible as the central bank continued to try to tame inflation, but none suggested that January's strong jobs report would push them back to a more aggressive monetary policy stance.
Read full storyTREX Global:Powell pleases hawks and doves at the same time, the dollar and U.S. debt diverge
Powell: Didn't expect jobs to be so strong, but U.S. is in process of 'lower inflation'. Federal Reserve Chairman Jerome Powell said on Tuesday that last Friday's report showing job growth spurts showed why the battle against inflation would "take a considerable amount of time." He acknowledged that rates may need to rise higher than expected if such economic strength threatens the Fed's progress in reducing inflation.
Read full storyTREX Global:Gold rebounds modestly, eyes on Powell speech, Biden's State of the Union address
Fed's Bostic: Rates may need to be raised higher than previously expected. The central bank may need to raise borrowing costs more than previously expected given the unexpectedly strong job growth in January, Atlanta Fed President Bostic said on Monday.
Read full storyTREX Global:Non-farm payrolls dampen expectations for Fed rate cut this year
U.S. job growth picks up pace in January, unemployment rate falls to lowest since 1969. U.S. job growth accelerated sharply in January and the unemployment rate fell to 3.4 percent, the lowest in more than 53-1/2 years, suggesting a stubbornly tight labor market that could cause headaches for Fed policymakers struggling to combat inflation.
Read full storyTREX Global:Powell's "dovish" raises interest rates, and gold prices point to 2000 again?
The Fed raised interest rates by 25 basis points as scheduled, but Powell's words were slightly dovish. The Fed raised its benchmark interest rate by 25 basis points on Wednesday, but still pledged to "continue to raise" borrowing costs as part of its unfinished battle against inflation.
Read full storyTREX Global:The Federal Reserve’s resolution is coming, beware of double kills by longs and shorts!
U.S. labor cost growth slows in fourth quarter, but labor market remains tight. U.S. labor costs grew at their slowest pace in a year in the fourth quarter as wage growth slowed, giving the Fed a boost in its inflationary battle.
Read full storyTREX Global:Bank of Japan’s resolution and “terrorist data” hit, be wary of bulls regaining their offensive
In this trading day, the market will focus on the interest rate decision of the Bank of Japan, PPI in the United States in December, retail sales in the United States in December (commonly known as "terrorist data") and the monthly rate of industrial output in the United States in December. In addition, pay attention to the speeches of Fed officials.
Read full storyTREX Global:The dollar stabilized and rebounded, causing gold prices to pull back
Recession prospect clouded as WEF annual meeting kicks off in Davos. The prospect of an impending global recession cast a long shadow over the World Economic Forum's annual meeting in Davos on Monday, as participants at the opening session of the annual meeting weighed the possible cost to their economies and businesses.
Read full storyTREX Global: The cryptocurrency market is seeing signs of recovery
On January 14, the market data showed that the price of Bitcoin broke through 21,000 US dollars, and the current price is 21,065 US dollars, an increase of 11.99% in 24 hours. Ethereum also traded higher, last quoted over $1,500 at $1,558, up more than 20% so far this year.
Read full storyTREX Global:U.S. inflation data sent the dollar index plummeting, gold prices may rise for the fourth straight
[U.S. consumer prices fell for the first time in more than two and a half years in December]. U.S. consumer prices fell in December for the first time in more than two-and-a-half years, as gasoline and motor vehicle prices retreated, offering hope that inflation is now on a sustained downward path even though the labor market remains tight.
Read full storyTREX Global:US CPI data is coming, bulls need to watch out for two red flags
Boston Fed's Collins favors 25 basis point rate hike at next meeting. Boston Fed President Collins said she is leaning toward a quarter-point rate hike at an upcoming policy meeting, media reports said on Wednesday.
Read full storyTREX Global:Powell's speech helped U.S. bond yields rebound, be wary of short-term pullback pressure on gold prices
Powell said the Fed's independence is the core of its ability to resist inflation and should avoid participating in social policies. Federal Reserve Chairman Jerome Powell said on Tuesday that the central bank's independence from political influence is central to its ability to fight inflation, but that requires the central bank not to engage in issues such as climate change that exceed its congressional mandate.
Read full storyTREX Global:Gold hits eight-month high as economic data weighs on dollar
U.S. labor market still buoyant in December, but wage growth loses steam. The U.S. job market grew strongly in December and the unemployment rate fell back to a pre-epidemic low of 3.5%. The labor market remains tight, but Fed officials can take some comfort from slower wage growth.
Read full storyTREX Global:Non-farm payrolls are coming, with a high probability or stronger than expected
U.S. jobless claims fall to lowest in three months last week, ADP data stronger than expected. The number of Americans filing new claims for unemployment benefits fell to a three-month low last week and layoffs plunged 43 percent in December, suggesting the labor market remains tight and could force the Federal Reserve to keep raising interest rates.
Read full storyTREX Global:The U.S. manufacturing industry shrank and gold prices rallied for four consecutive days
Photo bye.g(anne/Unsplash) Fed minutes: Fed wants 'flexibility' on rate policy. All policymakers at the Fed's Dec. 13-14 policy meeting agreed that the central bank should slow down its aggressive rate hikes, allowing them to keep raising the cost of credit to keep inflation under control, but in a gradual manner to limit the impact on growth.
Read full storyTREX Global:U.S. bond yields fall to boost gold prices, focus on Fed meeting minutes and ISM manufacturing PMI
Photo bye.g(lalit/Unsplash) U.S. December Markit manufacturing PMI final value hits new low since May 2020. Data on Tuesday showed that the final Markit manufacturing PMI in the United States recorded 46.2 in December, the lowest since May 2020.
Read full storyTREX Global:The downside risk of the dollar still exists, and the price of gold may point to 1880
More than two-thirds of economists at the 23 large financial institutions that have direct business dealings with the Fed believe the U.S. economy will enter a recession in 2023. Two others predicted a recession in 2024.
Read full storyTREX Global:Dollar and U.S. bond yields retreat, most analysts bullish on gold prices in 2023
The number of Americans filing new claims for jobless benefits rose last week and the previous week's total number of people claiming unemployment benefits reached the highest level since February, but both readings held at levels that suggest the U.S. labor market remains tight despite the Fed's push to Labor demand is cooling as part of its efforts to reduce inflation.
Read full storyTREX Global:Gold prices keep rising, still suppressed by U.S. bond yields
U.S. home prices' two-year run of double-digit gains ends, with year-on-year gains dropping to single digits in October. Photo bye.g(marek/Unsplsh) Annual price gains in the increasingly fragile U.S. housing market slipped into single digits in October for the first time in about two years, two closely watched surveys showed on Tuesday, as mortgage rates soared above 7% for the month, further stifling demand.
Read full storyTREX Global:Gold prices keep rising, still suppressed by U.S. bond yields
U.S. home prices' two-year run of double-digit gains ends, with year-on-year gains dropping to single digits in October. Annual price gains in the increasingly fragile U.S. housing market slipped into single digits in October for the first time in about two years, two closely watched surveys showed on Tuesday, as mortgage rates soared above 7% for the month, further stifling demand.
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