The Fed key rate was left at the same 5.25% level. Today we are waiting for the ECB decision.
Tag - usd
According to the CME Fed Watch Tool, with an 89.6% probability, the Fed will leave the rate at the current level (5.25%). What will happen on the markets soon?
Bloomberg Economics says inflation will slow down from 4.9% to 4.0% due to the high base effect. JP225 breaks above its all-time high and more in FBS daily news report!
Good day, traders! What will the brand-new week bring us? Let’s find out.
GDP in Europe is decreasing, but EURUSD jumped owing to the US labor market statistics.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!