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Fed's Goolsbee: Makes sense to wait to get more clarity before moving
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step. Key takeaways "Progress on US inflation has stalled." "Fed's current restrictive monetary policy is appropriate." "Pro
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EUR/GBP outlook: Looks for fresh direction signal
EUR/GBP EURGBP dips in early Thursday’s trading, after a double upside failure at falling 100DMA (0.8572), the lower boundary of strong resistances at 0.8580 zone (including Fibo 38.2% of 0.8714/0.8498 downtrend and a multiple spike highs). Sterling regained ground after being deflated by UK CPI dat
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Silver Price Forecast: XAG/USD rallies to $28.60 with eyes on Middle East tensions
Silver price jumps higher to $28.60, driven by worsening geopolitical tensions. Israel’s response to Iran’s attack will escalate fears of Middle East tensions spreading beyond Gaza. US bond yields edge down despite Fed lean towards higher interest rates for a longer period. Silver price (XAG/USD) ad
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Hidden costs of homeownership: Race, income, and lender differences in loan closing costs
April 2024 Soaring home prices are making homeownership significantly less affordable for American consumers, especially young and first-time homebuyers, with nearly 39 percent of Gen Z hopefuls citing saving for a down payment as their greatest obstacle.1 While down payments are often the focal poi
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WTI falls slightly to $85 as uncertain demand outlook counters Middle East tensions
Oil prices edge down to $85 as Fed Powell’s hawkish guidance cast doubts over global demand outlook. The US warns to levy fresh sanctions on Iran in response to its attack on Israel. Worsening geopolitical tensions will firm the oil price outlook. West Texas Intermediate (WTI), futures on NYMEX, dro
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Manufacturing recovery to continue into the summer
Our checklist for the global manufacturing cycle points to further upside in the coming months - but also tentative signs of a peak during H2. A softening in some leading indicators is broadly in line with our expectation of a temporary and mostly inventory-driven upturn rather than a new manufactur
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USD/CAD consolidates its gains above 1.3650, focus on US PPI data
USD/CAD hovers around 1.3650 in Thursday’s Asian session. The BoC held rates at 5% for the sixth consecutive meeting on Wednesday. US inflation in March was hotter than expected, and the Fed might delay rate cuts this year. The USD/CAD pair consolidates its gains above 1.3650 during the Asian tradin
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