Buckle up America: Powell Says Interest Rates Will Stay High for Now
Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning rate cuts likely won't come until later this year.
Source: businessinsider.com
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Gold prices marginally up today | India Infoline
As per the data released on Friday, the United States' job growth slowed down in April more than anticipated.
Source: indiainfoline.com
Fed Expected To Hold Interest Rates Steady In June
The Federal Open Market Committee is expected to hold interest rates steady at the conclusion of its next meeting on June 12 according to fixed income futures.
Source: forbes.com
Dollar weaker on renewed Fed rate cut hopes; yen wobbles
The dollar index was lower on Monday for a fourth straight session as a softer-than-expected U.S. jobs report last week supported recent comments from Federal Reserve Chair Jerome Powell, but... -May 06, 2024 at 11:43 am EDT - MarketScreener
Source: marketscreener.com
Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%
Spot gold experienced a rise of 0.8%, reaching $2,320.95 per ounce by 1503 GMT. Additionally, U.S. gold futures for June delivery saw an uptick of 0.9%, reaching $2,329.70 per ounce.
Source: livemint.com