Nasdaq 100 Trims Gains as Fed’s Favorite Inflation Gauge Rises More than Expected
[ad_1] US PCE PRICE INDEX KEY POINTS: June U.S. consumer spending advances 1.1% versus 0.9% expected. Personal income at 0.6% m-o-m, slight above expectations Core PCE, the Fed’s favorite inflation…
US Gross Domestic Product Shrinks 0.9% in Second Quarter as Investment Slumps
[ad_1] US GDP KEY POINTS: U.S. gross domestic product contracts 0.9% on an annualized basis in the second quarter, following a 1.6% decline in the first three months of the…
S&P 500 and Nasdaq 100 Fall on Recession Fears ahead of Fed Decision. What’s Next?
[ad_1] US STOCKS OUTLOOK: S&P 500 and Nasdaq 100 suffer steep losses on Tuesday Rising recession risks amid weak economic data weigh on sentiment and hammer risk assets The FOMC…
EUR/USD Wavers Ahead of FOMC. Will the Fed Surprise with a 100 bp Rate Hike?
[ad_1] EUR/USD OUTLOOK: EUR/USD moves between gains and losses at the start of the week amid conflicting price action drivers The euro can’t take much advantage of the U.S. dollar…
Will the Japanese Yen Keep Weakening Against the US Dollar?
[ad_1] USD/JPY FORECAST: SLIGHTLY BEARISH USD/JPY has risen sharply this year, but it may have topped out amid peak Fed hawkishness Rapidly slowing U.S. economy activity may pave the way…