Hottest news for USD again. Cautious mode ended. Cotinue rally USD/JPY
Emerging US Debt Deal Would Raise Limit, Cap Spending for Two Years
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default. US stocks rose early Friday as traders weighed the reports of an emerging deal against strong economic data pointing toward another Federal Reserve interest-rates increase. Yields on Treasury bills maturing in early June tumbled, a sign investors are regaining confidence in on-time repayment during the window when a US default would be likely without a deal. The two sides have ... (full story)
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Physical gold flipped to premiums in India this week for the first time in nearly three months, as retreating domestic prices along with the central bank’s move to withdraw the ...
Once again Congressional debt ceiling debates have markets, the media, and the public concerned about the ability of the U.S. to pay its bills on time. Economists at Brookings ...
tweet at 11:10am: Fed’s Mester: PCE Infaltion Data Underscored Slow Progress on Inflation tweet at 11:10am: Fed’s Mester: Fed Has Made Slow Progress on Inflation, It’s ‘Concerning’ tweet at 11:10am: Fed’s Mester: Tighter MonPol Still Feeding Into Economy tweet at 11:11am: FED'S MESTER: I MAY HAVE TO REVISE UP INFLATION FORECAST FOR FED FORECASTS tweet at 11:12am: Fed’s Mester: Everything is on the Table for June FOMC
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tweet at 1:15pm: IMF’s Georgieva: Fed Rates Will Need to Be Higher for Longer
Oil prices are recovering slightly after a volatile week amid conflicting commentary from key members of the OPEC+ alliance. From a “watch out” warning from the Saudi Energy ...
Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic — a sharp reversal from just weeks earlier after ...