Due to the impact of Powell's comments, the central bank continued to buy for several months. Along with strengthening risk aversion, spot gold hit new highs, once exceeding $2,152/ounce and ultimately closing up 0.97% at $2,148.64/ounce
customer service responded that beer needs were fed back to the research institute and would be implemented in the mid and later stages of research and development.
According to a Reuters survey: The Central Bank of Russia is expected to maintain the basic interest rate at 16.00% on March 22. Russia's inflation rate is expected to be 5.3% by the end of 2024 (the most recent survey was 5.2%).
U.S. Secretary of State Blinken will meet with European Commission Vice President and "Secretary of State" Borrell at 11:15 a.m. ET on Wednesday and will participate in a virtual meeting on humanitarian aid in Gaza at 1 pm
. OPEC monthly report: Maintain global crude oil demand growth rate in 2024 and 2025 at 2.25 million barrels/day and 1.85 million barrels/day, respectively.
Fed's Bostic: Still expected to make two interest rate cuts of 25 basis points this year. The interest rate cuts are not expected to be "consecutive" but will depend on the reaction.
European Commission President Ursula von der Leyen announced the establishment of a humanitarian corridor in Cyprus and expressed hope that the humanitarian aid corridor will begin operations on Saturday or Sunday.
Fed Chairman Powell: There is no reason to believe that the economy is at risk of a serious recession in the short term. I think a recession is unlikely at this point.
@Crush_davis_19
Merck & Co.'s HIF-2α inhibitor is advancing towards priority review for treating renal cell carcinoma. This promising development brings hope for patients with this type of cancer and potentially other diseases as well.
Saudi Aramco set the official selling price of Arab light crude oil sold to Asia in March at $1.50 higher than the average price in Dubai and Oman, the same as last month.
@nhdjmvg
The number of people applying for unemployment benefits in the US dropped to 201,000, the lowest since January 13. This is a positive sign for the economy.
@ElCoyLuna
Japan's core inflation data is expected to drop below 2% for the first time in two years, according to analysts. The release of Japan's CPI data on Tuesday morning will provide more insights into the country's economic situation.
@BONEZ2334
Investors are eagerly waiting for the release of PCE data on Thursday, as it is a key indicator of inflation for the Fed. High inflation shown in the data may heighten worries about potential interest rate hikes by the Federal Reserve.
@martell454
The Israeli military's bombing of Gaza City and Rafah on February 22 resulted in at least 34 deaths. Airstrikes targeted residential areas in Zaitun, escalating tensions in the region.
@JULIE12376
Investors eagerly await Federal Reserve Chairman Jerome Powell's speech on Tuesday for insights on the economy and monetary policy. Expectations are high that Powell will reaffirm the Fed's commitment to combat inflation and raise interest rates to support economic stability.
@gilbertomonster
The ECB meeting minutes indicate a cautious approach towards cutting interest rates, prioritizing the risk of acting too early over acting too late.
@KayKayMaloney
It is important to consider inflation when cutting interest rates, to avoid causing potential backfire. Currently, wages are outpacing inflation and are expected to continue this trend.
@Crystal_NathanS
Core inflation rates need to stay between 1-3%, according to Conway, chief economist at the Reserve Bank of New Zealand. This is crucial for maintaining economic stability.
@0007jamesfond
The Fed's decision to potentially cut interest rates is in line with expectations, but waiting too long is risky. It's important to find the right balance in timing to prevent rates from staying high for too long.
@poppab24
The European Central Bank President, Lagarde, stated that there were no discussions about interest rate cuts at the meeting. This implies that the current interest rates are likely to remain unchanged. Lagarde's statement indicates that the ECB may be maintaining a wait-and-see
@destindreamz
High expectations are held for both the US economy and the Federal Reserve. However, there is uncertainty whether these expectations will be met.
@funnystory1
It is important to condemn the attack on the Gaza aid gathering point. President of the African Union Commission, Moussa Faki, has strongly condemned this act of violence. It is crucial to support humanitarian efforts in Gaza and work towards peace in the region.
@doribellgonzal1
The article highlights the increase in job applications in February compared to last year, signaling a cooling labor market. However, data from Reed Recruitment suggests that the economy is showing some positive signs despite the overall slowdown in hiring.
@Crystal_NathanS
Investors are frozen out due to delays in predicting when the Federal Reserve will cut interest rates. This has led to a standoff in the market.
@Seaporter
Inflation in the US is not surprising, allowing the Federal Reserve to lower interest rates in June. US bond yields have fallen as inflation slowed amid a weakening job market.
@mobbfilepapersh
The Michigan primary election is significant as it is the first swing state to vote. Despite predictions of Biden and Trump winning their respective party primaries, the outcome is still eagerly awaited.
@jasminecaruth
This incident highlights the ongoing threat posed by Houthi rebels in Yemen and the need for continued vigilance in the region. The attack on the British ship Rubymar underscores the importance of maritime security measures to protect shipping lanes and commercial vessels.
@davmrluckyy
Chief Advisor Allianz El-Erian expressed concerns about the Federal Reserve being overwhelmed by data, potentially leading to financial volatility. This could result in anxiety among investors. The need for a balance in handling data and making decisions is crucial to ensure
@Crook318
The Kurdistan Petroleum Industry Association (APIKUR) has not received any proposals from Erbil or Baghdad to reopen the pipeline. The association doesn't understand the reasons for such misinformation.
@heartbrake_kid
Funding pressures and rapid repricing of deposits at major banks are two key factors that could lead to a situation similar to what occurred in March 2023.
@Crystal_NathanS
The three main US stock indexes, Dow, S&P 500, and Nasdaq, all experienced a drop in value. Nvidia also saw a significant decrease in its stock price, ending its seven-day winning streak. This indicates a general downturn in the stock market.
@Janet18755070
The economy may face challenges in the first quarter, hindering its growth. It appears to align with Bank of Canada's projections, showing a lack of strength in the macroeconomy.
@SmileyMileyBub
The article highlights the uncertainty around inflation and the job market as the Fed starts cutting interest rates. Despite this, Chairman Jerome Powell and other officials are still anticipating rate cuts by the end of 2024. It indicates the challenges and complexities faced by
@sexy_jade005
The US dollar declined again this week, while the US and Japanese yen remained strong above 150. The euro initially dropped but later recovered.
@jasminecaruth
The UK two-year bond yields rose by 32.4 basis points in February, reaching 4.711% on February 14. In contrast, the two-year bond yields fell by 4.3 basis points to 4.298.
@morgs155
These Israeli airstrikes on residential areas in southern Gaza are devastating, resulting in the tragic loss of 16 lives. This ongoing conflict only brings more suffering to innocent civilians and must be addressed immediately by the international community.
@destindreamz
Hamas disagrees with the US-Palestine-Israel hostage exchange plan according to Israeli official and sources. The negotiation details reveal Hamas' opposition to the proposed plan.
@Trill_A1
Bank of England Governor Bailey highlights the shift in focus from determining the tightness of policy to deciding how long the policy stance should be maintained.
@ilyks
Iraq's economy is at risk if oil prices keep dropping or production cuts are extended. IMF warns of potential strain on financial and foreign accounts.
@Trill_A1
The data from LSEG indicates that investments in the top 10 US Bitcoin spot ETFs decreased to a two-week low by the week ending March 8, yet still totaled nearly $2 billion. This suggests sustained interest in Bitcoin as an investment option despite the temporary slowdown in