Monthly archive October, 2023

Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of October, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slumped to Read More →

The U.S. dollar firmed against its major counterparts on Thursday as data showing a slightly bigger than expected increase in U.S. consumer prices in the month of September raised concerns the Federal Reserve will hold rates higher for longer.Original Read More →

The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, reiterating that a majority of participants expect one more interest rate hike will likely be appropriate. The projections provided following the meeting forecast one more rate Read More →

Final inflation from Germany is the only major economic report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices for September.Original Read More →

The International Monetary Fund downgraded the global growth forecast for next year, saying the projections are weakest in decades, while the likelihood of a soft-landing has increased with growing divergences amid modestly easing inflationary pressures. Global growth was forecast at Read More →

The U.S. dollar climbed higher against some of its major counterparts in the Asian session on Monday, but slowly lost its way mid-way through and turned weak against a few currencies.Original Article Read More →