Tag: US economy
Fed Rate Cut Prospects Strengthened by Expected Consumer Price Index
Central banks play a crucial role in maintaining price stability within a country or region. This is achieved by managing inflation and deflation through...
Atlanta Fed GDPNow Forecast for Q2 2021 Upgraded to 2.0% Growth | Forexlive
The Atlanta Fed recently upgraded its GDP growth forecast for the second quarter of 2021 to 2.0%, up from the previous estimate of 1.5%...
Goldman Sachs Predicts Soft Landing for US Economy, Expects Fed Rate Cut in September
Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve...
GBP/USD Extends Winning Streak After NFP Report
GBP/USD saw a rise above 1.2800 after the release of US NFP figures on Friday. The positive data sparked a risk rally in the...
US Yields Continue to Rise in Forex Markets on July 1: Forexlive Recap
US Treasury yields continued to rise in the forex markets on July 1, with the NASDAQ index starting strong and closing at a record...
Cleveland Fed Reports 0.2% Monthly Increase in PCE Inflation
The Cleveland Federal Reserve has reported a 0.2% monthly increase in PCE inflation. This means that prices for goods and services have gone up...
USD/CAD Unchanged Post Canadian GDP and US PCE Data Release
USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian...
Gold Prices Decline as Strong US Yields Boost US Dollar
Gold prices took a hit on Wednesday as the US Dollar strengthened, driven by the surge in US Treasury yields, ahead of the upcoming...
US Housing Starts Plunge in Forexlive Americas FX News Wrap
US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless...
Atlanta Fed GDPNow Forecast for Q3 2021: 3.0% vs 3.1% Prior | Forex Update
We are approaching the end of the second quarter, and while we are still some time away from getting the official GDP numbers, the...
Breaking Financial News
CFPB Sues JPMorgan Chase, Bank of America, Wells Fargo for Zelle...
The CFPB Sues Major Banks Over Zelle Payment FraudIn a stunning turn of events, the Consumer Financial Protection Bureau (CFPB) has taken legal action...
