News list for " push up"
Strategists at UBS Global Wealth Management said in a note that the dollar is likely to weaken as US data next week is expected to show weakness. Key data include retail sales, consumer confidence and existing home signings on Tuesday, followed by durable goods orders, weekly jobless claims and new home sales on Wednesday. Strategists pointed out that the data will affect market expectations for economic growth, inflation and Federal Reserve policy. "We still expect the upcoming data to be soft ...
Gold futures fell as much as 1.1 per cent to $3,678.30 an ounce in morning trading, while the dollar index rose 0.2 per cent to 97.05. The Fed cut interest rates by 25 basis points as scheduled and signalled two more cuts this year. But Soojin Kim, analyst at MUFG, said: "Investors think the Fed's guidance is less dovish than expected. Chairperson Powell emphasized the risk of tariff-driven inflation and emphasized that further interest rate cuts would be pursued on a'meeting-by-meeting 'basis, ...
Fed meeting notes: Fed staff downgraded inflation expectations for June meeting; still expects tariffs to push up prices.
In a report, Commerzbank's Michael Pfister said US companies could pass on the cost of tariffs to consumers, which would heighten concerns about the economy and lead to a weaker dollar. Higher inflationary pressures could force consumers to spend less, deepening concerns about the real economy. Commerzbank expects the euro to rise steadily against the dollar EUR/USD until the end of 2026.
Glenn Purves, global macro head at BlackRock Investment Institute, said that the U.S. core CPI rose less than expected in June, but there are growing signs that tariffs are driving some price increases. The May CPI report already showed tariff-driven price increases for home appliances, and this continues, "We are also now seeing early signs of price increases for entertainment products such as video and audio equipment". He believes that most of the impact has not yet come,...
The Fed may still have room to cut interest rates this year, Mr. Collins said. Interest rate policy is in good shape and stable for now appears to be the best option. Tariffs push up US goods prices and could cause the Fed to delay rate cuts.
The recent announcement of new tariffs by the US government has raised concerns among US economic analysts, who predict that the new tariffs will further push up US prices and place a greater burden on consumers. The Tax Foundation, a US think-tank, forecasts that the average import tax in the US will rise from 2.5 per cent last year to 19 per cent this year, the highest level since 1933. The foundation also said that after-tax income for US workers will fall by an average of 2.1 per cent this y...
On April 2nd, according to the Globe and Mail: Canada will avoid tariff countermeasures that could affect domestic jobs and push up prices, two federal trade advisers said, Canada will not impose retaliatory tariffs on most U.S. food and other basic necessities.
1. 10x Research: A potential short squeeze has pushed up the price of Bitcoin in the near future, and may be at risk in September. 2. Analysis: Bitcoin may reach $150,000 by the end of 2024. 3. Opinion: Cryptocurrency enters a correction trend, and giant whale users begin to lay out to be long. 4. Report: Bitcoin mining industry is in a phase of accelerated consolidation. 5. Bitcoin net realized profit/loss indicator stabilizes in the second half of this year. 6. Celsius creditors consider liqui...
The gold range fluctuates, can non-agricultural farmers push up the price of gold? Gold price long and short competition, how should traders deal with it? Click to view detailed analysis > > >
