Jerome Powell बने Fed के कार्यवाहक चेयरमैन, Kevin Warsh जल्द लेंगे शपथ: अमेरिका के केंद्रीय बैंक Federal Reserve में बड़ा बदलाव देखने को मिला है। शुक्रवार को Jerome Powell का आधिकारिक कार्यकाल खत्म हो गया, लेकिन नए चेयरमैन के शपथ लेने तक उन्हें कार्यवाहक चेयरमैन बनाया गया है।
Global Economic
US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports
- US jobs report likely to inform inflation narrative, US Dollar and Gold price.
- If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes.
- Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.
Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.
100 bps July 2022 Fed Rate Hike on the Table
Fed Rate Hike: Despite the looming recession risks, markets are wagering a 100 bps rate hike in July, as Fed will likely fight the inflation monster head-on. The Bank of Canada’s (BOC) unexpected 100 bps lift-off also favors hawkish Fed tightening expectations. The Fed sentiment is leading the way so far this Thursday, weighing negatively on the Gold (XAUUSD) pair.
2019: The year the Federal Reserve admitted it was wrong
The Federal Reserve and its leaders have done something unusual in 2019 for central bankers. They admitted they were wrong in their short-term and long-term outlook for the U.S. economy.
Gold Boom Higher on Lackluster Non-Farm Payrolls Data – Gold Silver Reports
The increase in new jobs for July was downwardly revised to 159,000 from 164,000 and June’s figure was cut to 178,000 from 193,000. Average hourly earnings was a bright spot, rising by 0.4% in August and 3.2% over the year, beating expectations. The market reacted to the jobs data with a sharp rally in gold and the US dollar weakening against its major counterparts.