Bank of England Governor Bailey: I don't think interest rates will go back to zero, but they will be lower than they are today and probably somewhere in between.
although not clear, would send a signal that a rate cut is not urgent. This doesn't mean the economy is in recession, it's just moving forward very slowly but surely
Ethereum's market value jumped to 24th place in mainstream assets in the world.
6. El Salvador's Bitcoin holdings have increased by 50% and the country's president says he will not sell.
Australia's unemployment rate recorded 4.1% in January, rising to a two-year high, leading to market expectations that the Reserve Bank of Australia's first interest rate cut will be raised to September. from November this year.
Bank of America CFO: As of now, the investment banking business is expected to grow 10-15% year over year. Trading revenue will "go sideways" thanks to the strong performance of the stock market in the first quarter.
The United States will release preliminary revised fourth-quarter gross domestic product (GDP) data next Wednesday and the January personal consumption expenditures (PCE) price index will be released the following day, here will be the last important data of the month
Ukrainian Grain Association: Ukraine's grain and oilseed production is expected to decline to 76.1 million tons in 2024 from 82.6 million tons in 2023.
The US military said it carried out self-defense attacks against two trucks equipped with anti-ship missiles in areas controlled by the Houthi armed forces in Yemen.
Sterling hits 7-month high, Bank of America: Still room for upside] On March 8, the pound rose to a 7-month high against the US dollar, continuing sterling's outperformance against most major currencies this year
German think tank ZEW: With the inflation rate falling, more than two-thirds of respondents expect the European Central Bank to cut interest rates in the next six months
Capital Economics: OPEC+ production cuts will not stop oil prices from falling this year] On March 5, analysts from Capital Economics said that OPEC+'s extension of the production cut agreement will not stop Oil prices are down this year and the organization may increase
CPI and PPI are fluctuating fiercely, it is likely that the Fed will be "hawkish" in tonight's minutes...
Fed meeting minutes will likely continue to show Fed officials continuing to resist market bets on a quick rate cut.
Bank of Japan Governor Kazuo Ueda: Despite facing the global financial crisis, the European debt crisis and banking instability in March 2023, the Asia-Pacific financial system still shows strong recovery ability
The cumulative outflow of global gold ETFs has been approximately US$5.7 billion. In February, outflows from global physical gold ETFs were approximately $2.9 billion, marking the ninth consecutive month of outflows.
The Kurdistan Petroleum Industry Association (APIKUR) said it has not received any proposals from Erbil or Baghdad to reach an agreement to help reopen the pipeline. The statement added that it did not understand the motives for such misinformation
On Thursday, hit by Powell's dovish comments, the US dollar index weakened, falling to a more than six-week low and ultimately closing down 0.54% at 102.81.
@chipchippers11
Bank of Japan Governor Kazuo Ueda suggests tightening monetary policy by increasing interest rates on excess reserves. This move could help manage inflation and stabilize the economy.
@BeanieBabee
The majority of economists predict that the European Central Bank will cut interest rates for the first time at the end of the second quarter, with 46 expecting it in June and 17 in April, according to a Reuters survey.
@lovebug1144
Positive wage negotiations are key, but not the sole factor impacting the timing of ending negative interest rates - Bank of Japan review member Junko Nakagawa.
@M4RY_l0U
Canadians anticipate interest rates to decrease, but further signs of inflation could hinder economic growth. Maintaining the policy rate at 5% is a growing concern amidst these uncertainties.
@nhdjmvg
The New Zealand Federal Reserve Survey shows that inflation expectations for the first quarter are 3.22% for one year and 2.50% for two years. This indicates a moderate level of inflation forecasted by New Zealanders.
@MrAmazin43
Ukrainian President Zelensky warns that Russia will not cease its actions and urges US Congress to make a decision on aid. He cautions that US parliamentarians may face consequences in the future if action is not taken.
@bananavalles
Based on a Reuters survey, most economists predict a potential interest rate cut by the Bank of Canada in June. There is also concern that the rate cut may be more substantial than initially anticipated, posing a risk for the economy.
@Lance_Gonzalez
The article mentions that gold prices are slightly weaker in early US trading, causing buyers to hesitate. This is seen as a normal correction following a recent significant increase in gold prices.
@GlennPa80713803
The British Maritime Trade Action Office reported an attack on a ship near Aden, Yemen on March 4. The incident occurred 91 nautical miles southeast of the city.
@Crystal_NathanS
The article discusses the US dollar's decline by 20 points against the Japanese yen in the short term, hitting a low of 147.5. This indicates a weakening of the US dollar relative to the yen, which may have implications for trade and investment between the two countries.
@flyfish411
I am looking forward to reading the review of the Bank of England's forecasts by former Federal Reserve Chairman Bernanke, which is expected to be published in mid-spring.
@Lance_Gonzalez
According to a Reuters survey, the UK economy is forecasted to grow by 0.3% in 2024 and 1.1% in 2025, slightly lower than the previous January survey which predicted growth of 0.4% and 1.2% respectively.
@M4RY_l0U
It is promising to see that the Fed is hopeful about lowering inflation despite a strong labor market. This shows they are committed to balancing both aspects of the economy effectively.
@Lance_Gonzalez
The Federal Reserve's new dot plot suggests only two rate cuts this year, leading to expectations of rising US bond yields. Analysts are keeping a close eye on the March update for potential economic impact.
@chipchippers11
Ukraine Deputy PM notes record exports via Black Sea corridor in February, with 8 million tons shipped, including 5.2 million tons of agricultural goods.
@MrAmazin43
Both WTI and Brent crude oil prices fell today, with WTI dropping 1.00% to 77.32 USD/barrel and Brent falling to 82 USD/barrel, down 0.91%.
@funnystory1
In the article, European Central Bank President Lagarde states that progress is being made in the battle against inflation. This indicates that measures taken by the bank are beginning to have a positive impact on controlling inflation rates in the region.
@hakunaohanamata
This article highlights that the EIA Strategic Petroleum Inventories in the United States reached a record high for the week ending February 23, exceeding levels seen since May 5, 2023.
@BeanieBabee
In this article, European Central Bank President Lagarde addresses the impact of past interest rate increases, stating that they will gradually fade over time. This suggests a shift in policy focus towards supporting economic recovery and stability, as higher interest rates may
@mhudick
The Bank of Canada's departure from its usual style hints that it may not cut interest rates in June, contrary to the Canadian Imperial Bank of Commerce's prediction of a rate cut. However, uncertainties remain regarding the decision.
@Swiiper3
Citigroup's decision to lay off 286 employees in New York as part of a major restructuring reflects the bank's efforts to streamline operations and stay competitive in the market. This move underscores the challenges faced by financial institutions in adapting to changing
@bananavalles
This article discusses the possibility of the US using military spending to support Ukraine as the aid bill stalls. It is important for global security that this issue is addressed promptly and effectively.
@mobbfilepapersh
According to Goldman Sachs, the cobalt oversupply forecast remains unchanged for 2024, but it is expected to double in 2025. This could have significant implications for the cobalt market in the coming years.
@Crush_davis_19
The suspected shooting on Highway 40 near Bnei Reem in southern Israel on Friday morning left three people seriously injured, according to Jerusalem Post.
@DrizzyDoggy33
The Federal Reserve's cautious approach to cutting interest rates is evident as EIA crude inventories rise, causing oil prices to fall after an initial increase.
@sexy_jade005
This article highlights Fed Chairman Powell's statement on Russia's asset freeze having no apparent effect on the US dollar. It suggests that the impact of this action may not directly influence the value of the currency.
Fed Barkin: (When asked about Powell's comments last week about the possibility of cutting interest rates) Chairman Powell always speaks on behalf of the committee.
@Crush_davis_19
In January, core CPI inflation in the US is expected to rise by 0.2% from the previous month, while overall CPI inflation is forecasted to increase by 0.1%.
@la_estr3lla817
The fluctuation and decline in WTI and Brent crude oil prices, influenced by weak demand, resulted in WTI closing at $78.26/barrel, down 0.76%, and Brent closing at $82.72/barrel, down 0.04% over two consecutive trading days.
@Crystal_NathanS
Oil prices bounced back as Saudi Arabia raised its official crude oil selling price to Asia and tensions in the Middle East grew. WTI crude closed up 1.23% at $79.22/barrel, while Brent crude closed up 0.04% at $83.62/barrel.