Gold prices edged lower on Thursday as investors held back from placing big bets ahead of US non-farm payrolls data that could influence the Federal Reserve’s interest rate trajectory as markets awaited this year’s final policy-setting meeting.
US Economy
Trump tax cuts come at the right time for stocks. Further ahead, it gets murky.
For stock markets, the short-term and long-term outcomes of the “Trump trade” won’t necessarily be the same.
Donald Trump’s victory
So far, President-elect Donald Trump’s victory Tuesday has been positively received by investors, as was the case in 2016. The S&P 500 rose 2.5% to a record close Wednesday, buoyed by Trump’s stated intentions to, among other tax cuts, take the corporate-tax rate from 21% to 15% for companies that manufacture in the U.S.
The Fed’s Jackson Hole conference has begun: Know what to expect
The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming kicked off Thursday evening with a dinner filled with central bankers, economists and reporters from the around the world. Here’s what to expect from the three-day conference:
कच्चे तेल में लगातार गिरावट; ब्रेंट क्रूड 8 महीने के निचले स्तर पर पहुंचा, जानिए क्या है वजह?
अमेरिका में मंदी की आशंका और मिडिल ईस्ट में जियो पॉलिटिकल तनाव के कारण कच्चे तेल की कीमतों (Crude Oil Prices) में लगातार दूसरे दिन गिरावट आई और ये 8 महीने के निचले स्तर पर पहुंच गया. ब्रेंट क्रूड 1% टूटकर $76/बैरल के नीचे फिसला है.
Fed Meeting Results: FOMC ने दरें स्थिर रखीं, पॉवेल ने कहा कि सितंबर में कटौती संभव है
🟢 Fed Meeting Results: यूएस फेडरल रिजर्व ने 31 जुलाई को दो दिवसीय फेडरल ओपन मार्केट कमेटी (FOMC) की बैठक के बाद ब्याज दर के अपने फैसले की घोषणा की, जिससे बेंचमार्क ब्याज दरें लगातार आठवीं बैठक के लिए 5.25 प्रतिशत – 5.50 प्रतिशत पर अपरिवर्तित रहीं, जो वॉल स्ट्रीट के अनुमानों के अनुरूप है।
Fed Expected to Keep Interest Rates Steady and Hint at Rate Cuts in September 2024
Federal Reserve officials this week may move closer to lowering interest rates from two-decade highs by signaling a possible rate cut in September, though they may stop short of giving details beyond that.
Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune
The central bank is ready to respond to a slowdown – or “material reassessment.” That is the critical part from the prepared remarks that Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, has prepared for his testimony. The Fed is content with the current state of the US economy and with its policy – but is ready to cut interest rates once again. That may happen in 2020.
Fed Again Cuts Interest Rates as Economic Growth Slows, Powell Says Policy in Good Place
Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.
Bank of America Merrill Lynch Fund Managers Expecting a Global Recession in the Next 12 Months
In its latest survey of fund managers, Bank of America Merrill Lynch points out that the proportion of fund managers expecting a global recession in the next 12 months was at its highest since 2011. Last week, the US yield curve inverted, setting the stage for the yellow metal to shine even brighter.
Fed Holds Interest Rates Steady but Opens Door to a Cut – Gold Silver Reports
Federal Reserve officials left interest rates unchanged at their June meeting but opened the door to a cut if President Trump’s trade fight intensified and risks to the American economy increased.