Jerome Powell
Dow Faces Decline Amid Powell's Cautious Stance; RBA Maintains Rates Despite Inflation Concerns | Daily Market Analysis
Key events: USA - FOMC Member Mester Speaks USA - FOMC Member Kashkari Speaks Canada - BoC Gov Macklem Speaks On Monday, the Dow experienced a decline, influenced by a stumble in consumer stocks driven by McDonald's, coupled with an increase in Treasury yields following Chairman Jerome Powell's remarks dampening expectations of an imminent interest rate cut.
Wall Street's Rollercoaster Ride: Fed, Yields, and Gold Amidst Market Uncertainty | Daily Market Analysis
Key events: Eurozone -ECB's Lane Speaks UK - BoE Gov Bailey Speaks USA - Fed Chair Powell Speaks USA - FOMC Member Williams Speaks On Tuesday, Wall Street's primary indices embarked on an upward trajectory after a somewhat turbulent start to the session. The decline in US Treasury yields supported mega-cap growth stocks, while investors eagerly anticipated further statements from Federal Reserve officials to gauge the direction of interest rates.
Wall Street's Mixed Tuesday: Fed Meeting, Earnings, and Market Moves | Daily Market Analysis
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Dow Slips Amid Soaring Yields, Mixed Earnings, and Fed's Cautious Stance | Daily Market Analysis
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Precious Metals Tumble After Powell's Speech | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - ADP Nonfarm Employment Change (Feb) USA - Fed Chair Powell Testifies USA - JOLTs Job Openings (Jan) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories Precious metals seem to be losing their luster after U.S. Federal Reserve Chairman Jerome Powell stepped up the rhetoric about rate hikes in his semi-annual testimony before lawmakers Tuesday.
US Dollar Has More Potential To Strengthen | Daily Market Analysis
Key events: Austalia – RBA Meeting Minutes UK – Composite PMI UK – Manufacturing PMI UK – Services PMI Canada – Core CPI (MoM) (Jan) Canada – Core Retail Sales (MoM) (Dec) USA – Ex-sting Home Sales (Jan) The dollar weakened slightly against the euro, the Danish, and the Swedish krona, but added against the other G10 currencies. The yen weakened by 2% to become the weakest currency in the G10 group.
Markets Await US Inflation Data and the Start of the Earnings Season | Daily Market Analysis
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Markets Remain Under Pressure Amid the Fed Officials' Speeches | Daily Market Analysis
Key events: Australia – Retail Sales (MoM) (Nov) USA – Crude Oil Inventories Yesterday's speech by Fed chief Jerome Powell at the Stockholm forum gave no hints about the regulator's plans as he did not directly address economic or monetary policy issues. Investors are now waiting for the key event of the week - the release of the U.S. consumer inflation data for December, which the consensus forecast suggests slowed to 6.5% y/y from 7.1% y/y.
U.S. Inflation Data Sets Up Market Optimism | Daily Market Analysis
Key events: USA – Crude Oil Inventories USA – FOMC Economic Projections USA – FOMC Statement USA – Fed Interest Rate Decision USA – FOMC Press Conference New Zealand – GDP (QoQ) (Q3)