UK BOE Interest Rate | May 11, 2017 | Currency News

UK BOE Interest Rate Decision is not likely to surprise the market as traders and BOE officials alike are waiting for more development on the current economy.  With ‘Brexit’ underway, BOE is expected to act if situations were to turn for the worse. 7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.25% 7:00am (NY […]

U.S. nonfarm payroll employment rises by 211,000 jobs in April, jobless rate hits 4.4%

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March…

Fed downplays weak Q1 economic growth, puts emphasis on labor market strength

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish statement following the end of a two-day policy meeting, the central bank also said consumer spending continued to be solid, business investment had firmed and inflation has been “running close” to the Fed’s target…

U.S. factory activity cools slightly in April; March inflation falls

U.S. factory activity slowed in April while consumer spending was unchanged in March and a key inflation measure recorded its first monthly drop since 2001, but economists still expect an interest rate increase in June as the labor market tightens. The weak reports on Monday came ahead of the Federal Reserve’s two-day policy meeting on Tuesday. The U.S. central bank is not expected to raise interest rates at the end of the meeting on Wednesday. The reports did little to change expectations of a rate hike in June…

AU RBA Interest Rate Decision | May 2, 2017 | Currency Trading News

AU RBA Interest Rate Decision today is once again expected to hold rates steady.  With practically no expectations of a surprise, we’ll only jump in if RBA decides to either hike or cut rates today… 12:30am (NY Time) AU RBA Interest Rate Decision Forecast 1.50% Previous 1.50% DEVIATION: 0.25% (SELL AUD 1.25% / BUY AUD 1.75%) […]

U.S. economy expanded at modest to moderate pace, inflation pressures in check: Fed

The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal Reserve said on Wednesday. “On balance, prices rose modestly,” the U.S. central bank said in its periodic gauge of the health of the economy derived from surveying business contacts nationwide…

Policymakers think Fed will begin trimming its $4.5 trillion balance sheet later this year: minutes

Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting showed. The minutes released on Wednesday of the March 14-15 policy discussion, at which the Fed voted 9-1 to raise interest rates, also showed that the rate-setting committee had a broad discussion about whether to phase out or halt reinvestments all at once…

AU RBA Interest Rate Decision | April 4, 2017 | Currency Trading News

AU RBA Interest Rate Decision today is likely a no surprise as central bank officials are expected to keep rates unchanged.  In the highly unlikely event of a surprise, we should see violent market reaction and we should trade in the direction of the surprise immediately. 12:30am (NY Time) AU RBA Interest Rate Decision Forecast […]

U.S. pending home sales jumps 5.5% in February, hits 10-month high

Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season.
The report on Wednesday from the National Association of Realtors suggested higher home prices and mortgage rates were having little impact on the housing market for now, underscoring the economy’s resilience despite an apparent slowdown in growth in the first quarter…

Global stock market near record highs, dollar slips after Fed’s rate hike

World stocks perched near a record high on Friday after a week when most of the world’s biggest economies either raised rates, or signaled hikes, in a strong sign of confidence about global growth and inflation. Investors turned their attention to a meeting of world finance chiefs in Germany starting Friday, where topics including economic reform, protectionism and exchange rates are expected to be on the agenda…

Fed hikes interest rate by 0.25% to 1.00%

In a widely anticipated move, the Federal Reserve hiked up the nation’s interest rate by 0.25 percentage points on Wednesday. The decision marks only the third time since the financial crisis that the Fed has implemented a rate increase. The move to bump the key borrowing rate to a range of 0.75 – 1.0 percent comes at the conclusion of the Fed’s two-day monetary policy meeting…

Trump expected to roll back some Dodd-Frank regulations, Fed hikes rates

It’s a good time to be a banker. President Trump is expected to roll back some of the financial regulations that were put into place during the Obama administration.
And the Federal Reserve is expected to give banks another gift Wednesday in the form of an interest rate hike. Higher rates tend to make loans to people and businesses more profitable for big banks…

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