Global Economic Archives

Todays Important Data for Bullion Market [10-Aug-2022]

Last Updated On August 10, 2022 2:12 PM by PIA CHAUHAN

Todays Important Data for Bullion Market Annual inflation rate in the US likely slowed to 8.7% in July of 2022 from 9.1% in June, which was the highest reading since November of 1981. Gasoline prices increased nearly 44% year-on-year in July, much slower than a 60% jump in June and …

100 bps July 2022 Fed Rate Hike on the Table

Last Updated On July 14, 2022 9:00 PM by Ananya

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.

FOMC June Minutes Outlook: FOMC will release the minutes of the June policy meeting on Wednesday, July 6.

Last Updated On July 5, 2022 9:58 PM by Ananya

FOMC Outlook: The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, surged above 106.00 and reached its highest level in nearly two decades on Tuesday. The widening policy divergence between the US Federal Reserve and other major central banks, especially the European Central Bank, continues to boost the dollar. Additionally, the currency capitalizes on safe-haven flows with investors growing increasingly worried about a global recession.

Breaking: Fed lifts Fed funds target rate by 25bps to 0.25-0.50% as expected, signals more hikes to come

Last Updated On March 16, 2022 11:46 PM by Neal Bhai

The US Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) had voted to lift the Federal Funds Rate (FFR) target range to 0.25-0.50% from 0.00-0.25%, as expected. In the Fed’s updated statement on monetary policy, it signaled that further rate hikes would be appropriate, as expected.

Breaking: FOMC minutes say most participants suggested a faster pace of interest rate increases versus 2015

Last Updated On February 17, 2022 9:39 AM by Neal Bhai

Breaking: FOMC minutes say: The minutes of the 25-26 January FOMC meeting, released on Wednesday, said that most participants suggested that a faster pace of increases in the target rate for the Federal Funds rate than in the post-2015 period would likely be warranted.

FOMC Minutes Eyed for Clues on Half-Point Hike, Runoff Plans

Last Updated On February 16, 2022 11:39 PM by Neal Bhai

Fed FOMC Meeting Minutes: Investors gauging the likely size of the Federal Reserve’s interest-rate hike in March and plansfor shrinking a balance sheet now at a record $8.9 trillion will get fresh clues on Wednesday.

Gold Prices Hold Above $1,804 | Unexpectedly Shed Jobs Last Month

Last Updated On February 3, 2022 5:02 PM by Neal Bhai

Gold Prices Hold Above $1,804: Gold Price advanced and the dollar pushed lower after a report showed companies in the U.S. unexpectedly shed jobs last month.

India Can’t Afford to Go on a Debt Binge

Last Updated On February 4, 2021 10:14 AM by Neal Bhai

India’s economy has suffered more than most from the pandemic and so have its people. The country has lost more than a year’s worth of growth and perhaps a decade’s progress in its efforts to reduce poverty. The economic contraction — the first in India since the 1970s — has put pressure on its government like so many others to respond.

Asian Markets Rise ahead of Fed Meeting – Gold Silver Reports

Last Updated On April 29, 2020 10:20 AM by Neal Bhai

Fed Chairman Jerome Powell is scheduled to speak Wednesday after the Fed ends its two-day meeting.

Beijing Pays the Price for the Slow Pace of Economic Reform

Last Updated On April 21, 2020 9:44 AM by Neal Bhai

As the world’s largest nations send out helicopter money amounting to well more than 10% of their gross domestic product to fight the economic effects of the coronavirus pandemic, China, which just suffered its first economic contraction in two decades, is conspicuous for its stinginess.