Monthly archive December, 2023

Following a series of interest rate hikes earlier in the year, the Federal Reserve on Wednesday announced its widely expected decision to leave rates unchanged for the third consecutive meeting. The projections provided by the Fed along with its monetary Read More →

The UK economy unexpectedly contracted in October as higher interest rates took its toll on activity, adding to expectations that the Bank of England is close to interest rate cuts. Gross domestic product shrank 0.3 percent in October, partially offsetting Read More →

Consumer prices in the U.S. inched up in line with economist estimates in the month of November, according to a highly anticipated report released by the Labor Department on Tuesday. The Labor Department said its consumer price index crept up Read More →

The week ended December 8 saw the Dollar staging a comeback after 3 weeks of declines. Waning optimism about a dovish Federal Reserve supported the Dollar's rebound.Original Article Read More →

Employment in the U.S. increased by more than expected in the month of November, according to a highly anticipated report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment jumped by 199,000 jobs in November, Read More →

The U.S. dollar firmed against its major counterparts in the New York session on Friday, as stronger-than-expected jobs data for November tempered expectations for early interest rate cuts by the Federal Reserve.Original Article Read More →