Page 10 - Raphael Bostic News Today

Discover the impact of U.S. inflation report on gold prices. Find out how monetary policy affects the value of gold.

Forex news for Asian trading on Thursday, 30 May 2024

Atlanta Fed President Raphael Bostic indicated that interest rate cuts might be on the table by the fourth quarter of this year, provided economic conditions align with his expectations.

The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year debt that closed with higher than anticipated yields, raising alarms about weakening demand for US Treasuries. This concern was compounded by similar outcomes from auctions of two-year and five-year notes on Tuesday, suggesting a broader hesitation among investors.

Stock markets diverged Thursday, a day ahead of key inflation indicators that could determine the future direction of interest rates on both sides of the Atlantic.

MARKET WRAPS Stocks: European stocks nudged into positive territory on Thursday as Treasury yields eased back from this years highest levels. The slight fall in yields was supported by... -May 30, 2024 at 05:29 am EDT - MarketScreener

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A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost...

A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost four weeks, as more evidence of the stoic U.S. consumer alongside r...