The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street’s head of investment strategy in EMEA said Tuesday. Altaf Kassam told CNBC that classic monetary policy mechanisms had “broken,” meaning that any changes made by the Fed will now take
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In this article ALK BA Follow your favorite stocksCREATE FREE ACCOUNT An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. Stephen Brashear | Getty Images Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday thanks to strong travel demand, despite a
The Mexican Peso consolidates after strengthening temporarily on Banxico Heath’s comments. USD/MXN forms a bullish Pennant price pattern on the 4-hour chart. The economic growth outlook for Mexico gets downgraded. The Mexican Peso (MXN) traces a flat line on most charts on Thursday, as traders digest the previous day’s gains prompted by comments from Banxico
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates
The forex markets are rather subdued in today’s Asian session, with major currency pairs and crosses largely trading within yesterday’s ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it’s lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie’s rebound appears weak and limited, suggesting it
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States on April 16, 2024. Anadolu |
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued
Gold price drops from daily highs as better global risk sentiment diminishes safe-haven demand. A dip in US Treasury yields places additional pressure on the US Dollar amidst hawkish Fed remarks. Easing Middle East tensions sway Gold market, forthcoming US sanctions on Iran could influence future precious metal prices. Gold prices retreated from close to
ECB’s Lagarde said that: We monitor the exchange rate It is obvious that exchange rates may have an impact on inflation The truisms are not anything new, but given more illiquid afternoon markets, it did give a minor boost to the beaten down EURUSD. The move to the upside took the price into an briefly
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Extending gains for the second day in a row, gold and silver prices hit fresh all-time high levels on Tuesday, tracking strong trends in the international markets amid fears of escalating tensions in the Middle East. According to HDFC Securities, gold prices zoomed Rs 700 to hit its lifetime high of Rs 73,750 per 10
Sterling is having a volatile trading day, initially gaining ground after UK CPI data which indicated slower pace of disinflation than anticipated. Despite this, the currency struggled to maintain its momentum as the data did not substantially alter the broader expectation that BoE) will delay interest rate cuts until at least late summer. The lack
One of the International Monetary Fund’s top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025. “When we do the risk assessment around that baseline,
Abbott Laboratories delivered a top and bottom line beat Wednesday and surprised investors by raising its full-year guidance — a show of confidence by the medical device maker not seen in a first quarter since 2016. Revenue for the three months ended March 31 rose slightly more than 2% year over year to $9.96 billion,
EUR/USD recovers after the release of HICP inflation data for the Eurozone. Speeches by several key ECB governing council members could also impact EUR/USD. EUR/USD enters oversold levels on the daily chart, indicating risk of a pullback. EUR/USD rebounds by about two-tenths of a percentage point into the mid 1.0600s on Wednesday after the release of the
Silver on the daily chart The price of silver moved to a high on Friday at $29.79. That got within $0.30 of the 2021 high at $30.09. The 2020 high reached $29.86. So there are 3 highs from 3 different years with $0.30. Those highs are the highest since 2013. Getting above them would open