Catherine Mann, a member of the Bank of England's policy committee (MPC), has warned that unemployment fears and rising bills are prompting households in the UK to build "emergency funds" and that economic growth is constrained by persistent savings rates above pre-epidemic levels. Mann said on Tuesday that growth in some sectors, such as hotels and retail, had "slowed significantly" due to "prudent consumer behaviour". "They are building emergency funds, postponing holidays and putting off big ...

In response to the security threats, OKX has implemented a hacker address detection system and a mechanism to block suspicious addresses.
The gold pricing structure has changed, and the market outlook needs to focus on this indicator change! Sterling bulls are still cautious, beware of riding a "roller coaster" next week... Click to view the key points of each asset based on order flow...
A research firm says tariff concerns are overblown and investors should play down the recent surge in gold, silver, copper and platinum prices. Click to view...
U.S. consumers are increasingly concerned about potential price increases and economic uncertainty. Click to view...
European Central Bank Governing Council Holtzmann said that services and core inflation are worrying. March interest rate decisions will depend on data. (Golden Ten)
Broadcom (AVGO. O) and TSMC (TSM. N) are eyeing a possible Intel (INTC. O) deal, according to the Wall Street Journal. Broadcom, which has been keeping a close eye on Intel's chip design and marketing business, has informally discussed a bid with advisers, but may bid only if it finds a partner for Intel's manufacturing operations. TSMC is already studying taking control of some or all of Intel's chip factories.
The dollar traded steadily as investors focused on remarks by Federal Reserve Chairperson Jerome Powell and looked ahead to U.S. inflation data due tonight. Testifying before the Senate Banking Committee on Tuesday, Powell said the Fed was in no hurry to cut interest rates. He will address the House Financial Services Committee tonight at 23:00. In a note, Swissquote Bank analyst Ipek Ozkardeskaya said the lower-than-expected inflation data will ease concerns about price pressures and weaken the...
Federal Reserve Chairperson Jerome Powell said that the Fed's framework review will not focus on the inflation target, which will remain at 2%. Current policy is well prepared to deal with risks and uncertainties. If the economy continues to be strong and inflation does not move closer to 2%, policy caution can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation falls more than expected, policy can be moderately eased. The U.S. economy as a whole is s...