Monthly archive August, 2023

Investors were seeking clarity about the outlook for interest rates from a Jackson Hole economic symposium but found little from Federal Reserve Chair Jerome Powell, who compared monetary policy to "navigating by the stars under cloudy skies."Original Article Read More →

The U.S. dollar climbed in the New York session on Friday, erasing early losses, as Federal Reserve Chairman Jerome Powell signaled willingness to raise rates further to bring down inflation.Original Article Read More →

The U.S. dollar climbed in the New York session on Friday, erasing early losses, as Federal Reserve Chairman Jerome Powell signaled willingness to raise rates further to bring down inflation.Original Article Read More →

The U.S. dollar firmed against its major counterparts on Thursday, supported by data showing a drop in jobless claims, and hawkish comments from former St Louis Fed President James Bullard.Original Article Read More →

France's manufacturing confidence deteriorated to the lowest since early 2021 on weak assessment of order books and past production, monthly survey results published by the statistical office INSEE showed on Thursday. The manufacturing sentiment index slid to 96 in August Read More →

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales rebounded by much more than expected in the month of July. The Commerce Department Read More →