Louise
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Fed's Bowman: Inflation progress slows and possibly halts
Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive. Key quotes “Inflation progress slows and possibly halts.” “Stren
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Gold Prices Rise on Powell's Remarks Amid Middle East Tensions
#XAU/USD# At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at
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China to ease further in H2 2024 to stimulate economic growth – Standard Chartered
Economists at Standard Chartered offer their afterthoughts on China’s quarterly growth numbers released on Tuesday. Key quotes “China’s economy grew 5.3% y/y or 6.6% annualized in Q1, beating market consensus by a wide margin.” “Output gap narrowed to -1.6% of GDP in Q1 from -2.2% in Q4; GDP deflato
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US Treasury Sec. Yellen: Will use sanctions, work with allies to disrupt Iran's destabilizing activity
US Treasury Secretary Janet Yellen warned on Tuesday that the "US will use sanctions and work with allies to keep disrupting Iran's 'malign and destabilizing activity'." Additional comments Iran's actions threaten stability in the Middle East and could cause economic spillovers. It is incumbent on a
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South Korea Export Prices Rise 0.4% On Month, 2.6% On Year In March
Export prices in South Korea were up 0.4 percent on month, the Bank of Korea said in Tuesday's preliminary report - slowing from 1.6 percent in February. On a yearly basis, export prices climbed 2.6 percent - easing from 4.5 percent in the previous month. Individually, export prices for agricultural
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WTI lacks any firm intraday direction, consolidates in a range below $86.00 mark
WTI struggles to attract any follow-through buying amid mixed fundamental cues. Concerns about the worsening Middle East act as a tailwind for the black liquid. Signs of cooling fuel demand might hold back bulls from placing aggressive bets. West Texas Intermediate (WTI) US crude Oil prices struggle
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Forex Today: US inflation data stand out in busy calendar day
Here is what you need to know on Wednesday, April 10: The US Dollar (USD) holds steady as markets eagerly await the Consumer Price Index (CPI) data for March. Later in the American session, the Federal Reserve (Fed) will release the minutes of the March policy meeting. Additionally, the Bank of Cana
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