Author: FX
Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker Source link
Although investors were biting their nails ahead of the January FOMC decision, that didn’t stop asset classes and major currencies from chalking up notable moves ahead of the top-tier event. Here’s how markets fared. Headlines: Australia Q4 2024 CPI: 0.2% q/q (0.3% forecast, 0.2% previous); Headline CPI at 2.5% y/y (2.5% expected, 2.3% previous); Trimmed mean CPI at 0.5% q/q (0.6% forecast, 0.8% previous) Japanese consumer confidence index in January: 35.2 (36.6 forecast, 36.2 previous) In his Senate confirmation hearing, Trump’s Commerce Secretary pick Howard Lutnick said that higher tariffs on Canada and Mexico are not a done deal American…
As expected in our BOC Event Guide, The Bank of Canada cut interest rates by 25 basis points to 3.0%, marking the sixth consecutive rate cut since June 2024. The central bank also officially ended its quantitative tightening program while warning about significant risks from potential U.S. trade tariffs. Alongside the rate cut, the BOC announced plans to restart asset purchases in March, beginning with C$2-5 billion in term repo operations. Treasury bill purchases are also set to resume later this year as part of balance sheet normalization. Link to official BOC January monetary policy statement Growth & Labor Market…
The Federal Reserve maintained its benchmark interest rate range at 4.25-4.50% on Wednesday, pausing its recent string of rate cuts as policymakers assessed whether or not inflation is stalling to reach their target. Key Takeaways: Fed kept federal funds rate target range at 4.25-4.50% Decision was unanimous among voting FOMC members Statement noted economic activity continues to expand at “solid pace” Committee saw risks to employment and inflation goals as “roughly in balance” The first Federal Open Market Committee (FOMC) meeting of 2025 marked a shift from December’s easing cycle, as officials grappled with inflation that has ticked back up…
A Wall Street Journal reported with the info on Goldman Sachs comments: “we remain comfortable with our standing forecast that the FOMC will deliver two more 25bp cuts in June and December this year and one more in 2026”***Earlier:Goldman Sachs CEO sees narrow range of 2025 Federal Reserve rates amid inflation concernsGoldman Sachs says Federal Reserve is waiting for further inflation progress to cut again This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD rebounds to near 0.5660 in Thursday’s early Asian session. Fed left the policy rate steady on Wednesday. RBNZ’s Conway painted a dim picture of the country’s economic outlook, citing weak productivity, investment and trade. The NZD/USD pair recovers some lost ground to around 0.5660, snapping the three-day losing streak during the early Asian session on Thursday. The US Dollar (USD) retreats from the weekly high of 108.30 as investors await tariff certainty from US President Donald Trump. The US Federal Reserve (Fed) decided to hold interest rates steady in the current 4.25%-4.50% range at its January meeting on Wednesday. During…
Trump administration to cancel student visas of pro-Palestinian protesters Source link
Two interest rate decisions. The Bank of Canada cut rates by 25 basis points as the central bank prepares for potential tariffs. The US FOMC kept rates unchanged. The Bank of Canada cut rates by 25 basis points to 3% from 3.25%. BoC Governor Tiff Macklem highlighted the close correlation between the Canadian dollar’s depreciation and trade threats from the U.S., noting that future policy decisions will increasingly account for its impact. The threat of tariffs was a significant factor in the Bank’s prior decision to cut rates by 25 basis points, emphasizing the importance of risk management. Macklem stressed…
The US Dollar traded in a positive fashion after the Fed left its interest rates unchanged, as widely anticipated, and Chief Powell delivered a neutral message at his press conference. Here is what you need to know on Thursday, January 30: The US Dollar Index (DXY) kept the weekly bid bias in place helped by rising yields and Powell’s tone. Another revision of Q4 GDP Growth Rate is due seconded by the weekly Initial Jobless Claims, and Pending Home Sales. EUR/USD dropped to the sub-1.0400 region, or four-day lows, in response to further strength in the Greenback and prudence ahead…
Jan. 29, 2025 2:30 PM ETPfizer Inc. (PFE) StockCMS, AMGN, GSK, BMY, MRK, TEVA, AZN, BHC, ALPMF, IRWD, ABBVBy: Val Brickates Kennedy, SA News EditorOlivier Le MoalThe U.S. Centers for Medicare & Medicaid Services, or CMS, said it is considering ways to bring “greater transparency” to the Medicare drug pricing negotiation program mandated under the Inflation Reduction Act of 2022. In a statement released Wednesday, CMS said Source link