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Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts
1732210740 from FXSTREET
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
1732209900 from BLOOMBERG
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
US Dollar steady after Jobless Claims opens door for Fed easing in December
1732202745 from FXSTREET
The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.
Fed’s Williams sees inflation cooling and interest rates falling further
1732170360 from FXSTREET
In a Barron’s interview published on Thursday, New York Federal Reserve Bank (Fed) President John Williams said that he “sees inflation cooling and interest rates falling further.” He further noted that “2% is the rate that can best balance the central bank’s employment and price stability goals.” .
Fed’s Collins Says More Rate Cuts Are Needed
1732141387 from BLOOMBERG
Federal Reserve Bank of Boston President Susan Collins says more interest-rate cuts are needed, but policymakers should proceed carefully. She speaks at the University of Michigan’s Gerald R. Ford School of Public Policy in Ann Arbor.
US Dollar touch higher on Wednesday with markets on edge over Nvidia
1732112257 from FXSTREET
The US Dollar (USD) has a very calm Wednesday and recovers further into the US trading session, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell. Overnight
Economists Predict Fed Rate Cut, but Inflation Risks May Slow 2025 Reductions
1732112179 from GOLDSILVER
Economists predict a Federal Reserve rate cut in December, followed by a slower pace of reductions in 2025 than previously expected1. This shift is attributed to potential inflationary pressures from President-elect Trump's proposed policies, including tariffs and tax cuts. Despite strong economic indicators and stubborn inflation, most economists still anticipate a 25 basis point cut next month, though market expectations have become less certain.
Fed policymakers set to comment on policy outlook after Chairman Powell sets the tone
1732103705 from FXSTREET
Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.
EUR/CAD remains vulnerable near 1.4750 despite higher Eurozone Q3 Negotiated Wages Rate
1732099464 from FXSTREET
The EUR/CAD pair stays under pressure near the intraday low of 1.4750 in the European trading session on Wednesday even though Eurozone Negotiated Wages Rate data accelerated in the third quarter of the year.
US Not Screaming for Stimulus says Citi Chief Economist
1732096660 from BLOOMBERG
The US economy "categorically" does not require rate cuts, says Citi Chief Global Economist Nathan Sheets. "It is not screaming stimulate me right now", he argues. Sheets expressed concern about President-elect Donald Trump's tariff proposals, warning "there are scenarios where you have significant upside pressure on prices." "The jury is still out," on the exact nature of the future administration's economic agenda, he says. (Source: Bloomberg)
USD/CAD Price Forecast: Traders seem non-committed, look to Fed speaks for fresh impetus
1732090553 from FXSTREET
The USD/CAD pair struggles to gain any meaningful traction and trades just above mid-1.3900s, or a one-week low during the early European session on Wednesday amid mixed fundamental cues.
Canada imports US electricity as droughts curb hydropower
1732082291 from ENERGY
… electricity supply because of drought, complicating Canada’s energy … , according to US Energy Information Administration data released … Review of World Energy. The International Energy Agency said severe … rise in global greenhouse gas emissions last year, it …
USD/CAD struggles near one-week low, oscillates in a range just above mid-1.3900s
1732080839 from FXSTREET
The USD/CAD pair finds some support near the mid-1.3900s, or a one-week low touched during the Asian session on Wednesday and for now, seems to have stalled this week's retracement slide from the highest level since May 2020.
US Economy Very Resilient: Carmignac's Allier
1732027570 from BLOOMBERG
Marie-Anne Allier, fixed income fund manager at Carmignac, says she would not buy 10-year Treasuries at 4.5% and she still expects a 25 bps cut by the Federal Reserve in December. She spoke on Nov. 18 on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Fed Chair Powell: No Rush to Factor in Trump's Economic Plans
1732026023 from GOLDSILVER
Federal Reserve officials are taking a cautious approach to Donald Trump's potential policies, unlike in 2016 when they quickly adjusted forecasts based on expected fiscal changes. Chair Jerome Powell emphasizes waiting for concrete policy proposals before making economic projections, contrasting with the Fed's previous rapid response to Trump's election.
US Dollar sees markets turn uncertain over recent developments between Russia and Ukraine
1732023610 from FXSTREET
The US Dollar (USD) is flying all over the place after Russian President Vladimir Putin has signed a decree that allows the use of nuclear weapons against a non-nuclear state if it is supported by nuclear powers earlier this Tuesday. The move is widely seen