Financial markets had a big rebound this past week, and, for once, the Federal Reserve had very little to do with it.
Developing-nation currencies trimmed weekly gains after data underscoring the resiliency of the US economy cooled bets on an outsize interest-rate cut by the Federal Reserve next month.
Singapores non-oil domestic exports rose 15.7% in July from a year earlier, data on Friday showed, with both electronics and non-electronics exports growing.
Japans economy expanded by a faster-than-expected annualised 3.1% in April-June, rebounding from the previous quarter thanks to a strong pick up in consumption and backing the case for another near-term interest rate hike.
The dollar was on the back foot on Thursday, with the euro perched near an eight-month high after data showed U.S. inflation was slowing, underpinning wagers that the Federal Reserve could lower borrowing costs next month.
The median home price in Silicon Valley topped $2 million in the second quarter, the first time a US metropolitan area has exceeded that threshold and a symptom of the nation’s persistent affordability challenge.
Treasuries advanced after a weaker-than-expected US producer prices report bolstered the case for the Federal Reserve to cut borrowing costs more aggressively this year.
US stocks were lower on Monday as investors looked to new economic data due out in the week. Late last week, major indexes nearly erased all of the losses incurred in a sharp three-day sell-off.
Gold steadied near a record as traders weighed a potential escalation in Middle East tensions, while markets braced for a US inflation report that may prove pivotal in shaping the Federal Reserve’s interest-rate path.
Republican candidate Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central banks independence should he regain the
Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.
The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September and a downshift in the job market bolstered financial market b
Oil steadied after its biggest advance in a week, with the market on edge over a possible retaliatory strike by Iran on Israel as payback for assassinations of Hamas and Hezbollah leaders.
The Fed has caught some heat for its role in the latest stock market sell-off. Kelly says the Fed needs to broadcast its confidence in the economy to soothe jittery markets.
Asian stocks resumed gains after an early bout of selling, in a sign that investors are still assessing the market’s outlook after the recent wild swings in global assets.
