Monthly Archives: February 2024
Fed Meeting Minutes Align with Expectations; PCE Price Index and GDP in Crosshairs.
Written on February 23, 2024 at 5:03 am, by jonywang
Wednesday, 28 Feb, 03:00 – RBNZ Interest Rate Decision In November, the RBNZ maintained its interest rate at 5.50%. Nevertheless, the central bank had earlier indicated a possible rate increase in 2024, citing persistent inflation. Despite the economy technically being in a recession, global markets are bracing for a potential unexpected interest rate hike inContinue Reading
Dollar Holds Steady, All Eyes On US GDP Release
Written on February 20, 2024 at 3:25 am, by jonywang
Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward pressure due toContinue Reading
All Eye On U.S. PCE Data
Written on February 20, 2024 at 3:24 am, by jonywang
The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the industry is outperformingContinue Reading
