Tag: FED

Gold sees some relief
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GOLD SEES SOME RELIEF AS DOLLAR RESISTS 20-YEAR HIGH

Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]

OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT
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OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT

OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT Oil prices closed with gains on Friday, driven by a signal from Saudi Arabia that OPEC could cut output, but trading was unstable when investors digested and eventually ignore warnings from the Head of the US Federal Reserve regarding economic pain ahead. Brent crude futures contracts […]

WALL STREET CLOSED POSITIVE, ALL EYES ON JACKSON HOLE
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WALL STREET CLOSED POSITIVE, ALL EYES ON JACKSON HOLE

Wall Street closed positive on Wednesday, lifted by gains in energy shares and Intuit whereas all eyes on Jackson Hole conference from the US Federal Reserve this week. Increasing Nasdaq Tech-Heavy, Intuit Inc. (NASDAQ: INTU) collects almost 4% after accounting software makers estimate upbeat 2023 fiscal revenue. After Bell, Salesforce (Nyse: CRM) Inc. fell 5.5% […]

Fed Rate Hike process may get Breather
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Fed Rate Hike process may get Breather

Fed rate hike process may get breather as inflation data showed some positive results The chances of the US Federal Reserve increasing interest rates 75 basis points in September dropped to 37% on Wednesday when consumer inflation data slowed. The probability of an increase in the basic point rate of 75 points was 68% Tuesday […]

US economy contracts again in 2nd quarter
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US economy contracts again in 2nd quarter

According to the first reading of the Commerce Department on Thursday, the US economy contracts again in the 2nd quarter at a rate of 0.9% annually.   The expectation of the market was an expansion of 0.5%, after the largest economy in the world contracted 1.6% in the first quarter. The data occurs just a few […]