RBC Capital Markets has adjusted its Federal Reserve (Fed) call, now forecasting 75 basis points (bp) of rate cuts for 2024, delivered at a quarterly pace.
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The Dollar firmed in the wake of an above-consensus U.S. inflation report that put the brakes on rising bets that the Federal Reserve could cut interest rates in June.
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The Dollar was sold after data showed wages in the U.S. cooled sharply in February, raising the prospect of a mid-year interest rate cut at the Federal Reserve.
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Dollar exchange rates were broadly weaker on the day a U.S. job survey revealed fewer people are quitting jobs each month to pursue higher-paid prospects.
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The Dollar was broadly softer after a highly-anticipated business survey missed expectations and hinted at a potential slowdown in America's hot growth rate.
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Core PCE inflation - often touted as the Federal Reserve's favoured inflation gauge - rose in January by 0.4% month-on-month, double that of December.
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The Pound to Dollar exchange rate was set to end the week on a sour note following the release of a fresh U.S. inflation reading that pointed to persistent price pressures.
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The Dollar retreated after U.S. retail sales and industrial production numbers printed at levels that were weaker than expected.
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U.S. inflation came in well above expectations in January, but economists say this is a blip as leading indicators all point to ongoing declines in inflation over the coming months.
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The Pound to Dollar exchange rate dropped below 1.26 after U.S. inflation beat expectations across the board when released on Tuesday.
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The Pound to Dollar exchange rate dipped below the 1.26 level amidst fresh evidence of strong U.S. economic growth.
Read more →In its latest economic outlook report for February 2024, Wells Fargo paints a cautiously optimistic picture of the U.S. economy, buoyed by upgrades to GDP forecasts and closely monitoring anticipat…
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The Dollar's strong start to the new week was given a fresh boost following the release of a U.S. economic survey that confirmed a strong start to the year.
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Pound Sterling fell sharply against a resurgent U.S. Dollar which caught a fresh bid following the release of some hotter-than-expected U.S. job and wage numbers.
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The Pound to Dollar exchange rate looks set to end the week on a solid footing, aided in part by the release of a much-watched inflation gauge that undershot expectations.
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Ian Shepherdson, Chief Economist at Pantheon Macroeconomics, says if you are only looking at GDP and jobless claims today, you are missing the big picture.
Read more →The U.S. economy ended 2023 in a far stronger position than markets were expecting and analysts say this makes the likelihood of a Federal Reserve rate cut before the third quarter highly unlikely.…
Read more →The Dollar strengthened against the Pound, Euro and other major currencies after U.S. retail sales for December beat expectations.
Read more →The Dollar strengthened against the Pound, Euro and other major currencies after the release of data that showed U.S. inflation accelerated in December.
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Independent economic data aggregator Truflation says U.S. core inflation is becoming "entrenched" amidst a strong labour market and investors should not rule out interest rate hikes.
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