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The dollar hit a two-decade high on Thursday after U.S. inflation moderated less than markets had expected, keeping the Federal Reserve on course to tighten policy aggressively. The safe-haven greenback also got support amid a slide in global equities amid investor worries that central banks are behind the curve in trying to rein in consumer ...
If the CPI data had come in stronger then the chances of a 75 basis point hike in June would’ve increased and gold prices would have fallen further.
From Bloomberg: Federal Reserve hawks and doves are joining Jerome Powell's call to get going on raising interest rates to curb high inflation. Cleveland Fed president Loretta Mester also favors a speedier pace in increases, arguing for policy makers to get rates up to around 2.5% by the end of the year.
U.S. stocks rebounded Tuesday as traders digested Federal Reserve Chair Jerome Powell’s latest rate hike comments. The Dow Jones Industrials resumed...
Oil prices went up again and equity markets remained jittery as the war raged in Ukraine with peace talks dragging on without clear conclusions, while the U.S. central bank tries to curb inflation amid signs of a possible recession.