By CCN Markets: In case there was any doubt, President Trump has made it clear what he believes it will take to jumpstart this economy. He would like to see a 100 basis-point cut in interest rates topped off with a dose of quantitative easing. Wall Str…
By CCN Markets: If you were hoping that the Federal Reserve would commission an urgent gathering to discuss the fate of interest rates and save the stock market, you’re out of luck. James Bullard, who is at the helm of the Federal Reserve Bank of St. Louis, told Fox Business that an emergency meeting and […]
The post Fed’s Bullard Deflates Stock Market’s Hope of Early Rate Cut appeared first on CCN Markets
By CCN Markets: While Jerome Powell remains in the hot seat, a former Fed Chair insists that things are not that bad from where she sits. Janet Yellen, who was in Powell’s spot from 2014-2018, visited Fox Business where she said that the inverted yield…
By CCN Markets: The stock market major indices including the Dow Jones are getting shellacked today as the yield inversion in the bond market spooks investors. The yield curve hasn’t been inverted for very long, but because it could be a harbinger of an economic recession historically, it’s enough to send stocks reeling. President Trump […]
The post Trump Urges Fed to ‘Do Something’ as Stock Market Signals Recession appeared first on CCN Markets
A number of different securities opinion-makers, from Barron’s to CCN’s own Ben Brown, have opined that the Federal Reserve rate cut will ignite a bitcoin rally. The truth is that, like everything else having to do with bitcoin, any movement in its pri…
By CCN: Fed Chairman Jerome Powell isn’t about to let the stock market crumble on his watch. The Dow took the hint, responding positively to Powell’s measured opening address during a two-day meeting at the Chicago Fed. By the end of the day, the…
By CCN: The Dow Jones has surged by 0.8% on the day to 26,517 points after a dip on May 2, which saw the Dow fall to as low as 26,213 points. The unexpected 1.6% decline in the Dow earlier this week is said to have been primarily triggered by the withd…
Christine Smith, a content strategist with the Federal Reserve Bank of St. Louis, suggests bitcoin is less “exotic” and more boring than people may think. Bitcoin’s two use cases are as a store of value and a currency, the latter of w…
Global markets are cautious going into today (Wednesday’s) Federal Open Market Committee rates announcement. While many believe that the Fed may now back out of rates increases, US employment gains and calmer markets suggest the FOMC may be preparing to crank rates again. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 […]
The post Global Economic Outlook: Markets Await Fed Rates Statement appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Market expectations of a December Fed rates hike are running high (at the time of writing the US Dollar Index had just breached 100 points). The question about why there is a need for higher interest rates is missing from the market and media discourse, so today’s Global Economic Outlook considers the reasons for this central bank action. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 23 November US Fed Announcement Tue 24 November US Prelim GDP […]
The post Global Economic Outlook: Why Is The Fed Raising Interest Rates? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The market is in a rates hike purgatory and forced into inaction until the critical decision becomes fathomable. Renowned trader, Paul Tudor Jones, comments on the Fed’s position vis-a-vis interest rates and the global market status quo, once again, favors stocks. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 5 October UK Services PMI (actual:53.3 expected:56.4 previous:55.6) US ISM Non-Manufacturing PMI (actual:56.9 expected:58.0 previous:59.0) Tue 6 October Australia Trade Balance (actual:-3.10B expected:-2.48B previous:-2.79B) Canada Trade Balance (expected:-1.1B […]
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The spectre of a rates increase keeps being dangled in front of markets. The tension has become too much for many investors and on Monday Asia began another wave of shares selling. The commodities rout extends to producers. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 28 September US FOMC Member Dudley Speaks US Pending Home Sales m/m (actual:-1.4% expected:0.4% previous:0.5%) Tue 29 September US CB Consumer Confidence (expected:96.2 previous: 101.5) Wed 30 September New Zealand ANZ […]
The post Global Economic Outlook: Rates Theater and Lending Squeeze appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
International markets are uneasily relaxed today, as investors and speculators position for a September Fed rates hike. Chinese Yuan devaluation surprised markets last week and may have a subtle influence on that hoped-for September outcome. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 17 August Japan Prelim GDP q/q (actual: -0.4% expected: -0.5% previous: 1.0%) Tue 18 August UK CPI y/y (expected: 0.0% previous: 0.0%) US Building Permits (expected: 1.21M previous: 1.34M) Wed 19 August US Core […]
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The week features a busy calendar with manufacturing data from several major economies, as well as several central banks making rates statements. China manufacturing came in lower than expected and the market watches US unemployment figures as the countdown to a September Fed rates hike continues. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Sun 2 August China Caixin Final Manufacturing PMI (actual: 47.8 expected: 48.3 previous: 48.2) Mon 3 August UK Manufacturing PMI (expected: 51.6 previous: 51.4) […]
The post Global Economic Outlook: Yuan, Dollar and Commodities appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Last week turned out to be a mixed bag of economic developments culminating in the release of “strong” US Housing and Inflation figures late on Friday. The notional “improvement” in the US economy has raised expectations that the Fed may raise interest rates during the course of the year. This morning, precious metals markets dropped in unison with Gold plumeting over $40 at the open. Greece’s banks open their doors today and Chinese officials rejoice in their regulatory ability to control the stock market. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! […]
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