DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold Holds Steady As Trump Warns China on Trade Deal

President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever. As hedge to the world™s financial and political woes, the yellow metal has been recovering from last week™s battering on suggestions over the past two days that China may not come to the table on a trade deal with the White House, as it tries to wait out Trump™s impeachment inquiry proceedings in the U.S. Congress. Gold futures for December delivery on New...

Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year. That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve™s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the...

Gold Gains as Souring US-China Relations Dent Risk Appetite

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets. Spot gold was up 0.3% at $1,476.50 an ounce and U.S. gold futures rose 0.2% to $1,477. The U.S. Senate passed two bills backing human rights in Hong Kong and banning export of certain munitions to the region™s police forces. China condemned the move and called for...

Gold Steady Amid U.S.-China Tension Before Fed Minutes

Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve meeting later Wednesday. The U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations, drawing a rebuke from authorities in Beijing and potentially complicating trade talks between the two countries. China on Wednesday reiterated a threat to...

Gold Slips as Fresh Hopes For US-China Deal Boosts Equities

Gold fell on Tuesday, erasing gains from earlier in the session, as a temporary reprieve from Washington for China™s Huawei rekindled optimism for a trade deal between the countries and boosted risk sentiment. Spot gold was down 0.4% to $1,465.44 per ounce, reversing course from the Asian trading hours, when prices rose to their highest since Nov. 7 at $1,475.40. U.S. gold futures fell 0.4% to $1,465.70 per ounce. European share markets reached a four-year high as a new extension granted...

Fed Holds Interest Rates Steady as Economy Grows at 'Solid Rate' and Inflation Stays Low
Thursday, 2 May 2019 06:44 WIB | FISCAL & MONETARY |Federal ReserveFOMCThe Fed

The Federal Reserve on Wednesday left unchanged a key U.S. interest rate that influences the cost of borrowing for mortgages and all sorts of consumer and business loans, noting a recent decline in inflation even as the economy continues to grow "at a solid rate."

In a unanimous vote, the Fed kept its benchmark interest rate in a range of 2.25% to 2.5%. Senior officials sounded more upbeat about the economy after a slow start in early 2019 and pointed to a recent decline in inflation as reasons to stand pat.

The government said last week GDP rose a surprisingly robust 3.2% in the first quarter. And on Monday, fresh data showed that core inflation as measured by the personal consumption expenditure price index fell to 1.6% in March ” a 19-month low.

œI see us on a good path, Fed Chairman Jerome Powell said in a press conference after the latest two-day meeting, at which senior central-bank officials evaluated the health of the economy.

The Fed acknowledged both overall and core inflation œhave declined and are running below the central bank™s 2% target, but Powell said there™s reason to believe the slackening in prices pressures is œtransient.

The Dow Jones Industrial Average and S&P 500 ended the trading session lower, having turned down during Powell™s press conference. Investors viewed Powell™s comments on the temporary nature of the weakness of core inflation as hawkish.

In other words, the Fed took away hopes of an early rate cut as the central bank expects core inflation to creep up again soon, and sees no reason to alter its self-described œpatient approach to interest rates. The Fed signaled in March that it™s done raising interest rates this year ” so long as inflation remains low.

œStronger growth but weaker inflation equaled a still-patient Fed, said economist Andrew Grantham of CIBC World Markets.

Powell also downplayed the weak ISM manufacturing index, which in April fell to its slowest pace since October 2016.

œWe see that reading as, it™s still a positive reading and consistent with what we expect from the manufacturing sector, which is moderate or perhaps modest growth, Powell said.

In a move important to Wall Street but of little consequence to Main Street, the Fed trimmed the interest rate it pays to banks that keep excess reserves at the central bank to 2.35% to 2.4%.

œThis is a technical adjustment, meant to push the effective federal funds rate back toward the middle of the target range ” not a change in the monetary policy stance, said chief economist Scott Brown of Raymond James.

Investors aren™t fully convinced, though. Wall Street expects the Fed to cut rates by the end of the year, according to the CME Group™s FedWatch tool.

The reduction in the rate on so-called excess reserves known as the IOER, meanwhile, is intended to foster trading in the fed funds market at rates well within the committee™s target range, the Fed said. Recently the effective federal funds rate has drifted again above the IOER rate.

Source : Marketwatch

RELATED NEWS
Fed Minutes Show Worries About Economy Had Eased a Bit...
Thursday, 21 November 2019 02:24 WIB

Federal Reserve officials were more upbeat about the economy in late October than they had been only six weeks earlier, according to minutes of their policy discussion released Wednesday. Officials â...

RBA minutes: Board prepared to ease policy further if needed (AUD lower)...
Tuesday, 19 November 2019 07:55 WIB

The minutes from the RBA Board's 5th November meeting have been released which shows the RBA has an easing bias. AUD/USD is lower on the minutes, down -0.20% at the time of writing. Bored prepared to...

FOMC Chairman Powell testimony: Baseline outlook for US economy remains favourable...
Wednesday, 13 November 2019 23:14 WIB

In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baselin...

Japanese PM Abe: Want extra budget to assist economic recovery...
Tuesday, 12 November 2019 11:40 WIB

Fresh comments are crossing the wires from the Japanese PM Shinzo Abe, as he expresses the need for an extra budget to assist the economic recovery. Nothing further is reported on the same. Last wee...

RBA Sees Moderate Recovery Persisting, But No Wage-Growth Gains...
Friday, 8 November 2019 07:58 WIB

Australia™s central bank maintained its glass half full view, reinforcing that the economy has emerged from its soft patch, while forecasting no acceleration in wage growth and core inflation barely...

POPULAR NEWS
Gold Holds Steady As Trump Warns China on Trade Deal

President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever. As hedge to the world™s financial and political woes, the yellow metal has been recovering from last week™s battering on suggestions over the past two days that China may not come to the table on a trade deal with the White House, as it tries to wait out Trump™s impeachment inquiry proceedings in the U.S. Congress. Gold futures for December delivery on New...

Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year. That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve™s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the...

Gold Gains as Souring US-China Relations Dent Risk Appetite

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets. Spot gold was up 0.3% at $1,476.50 an ounce and U.S. gold futures rose 0.2% to $1,477. The U.S. Senate passed two bills backing human rights in Hong Kong and banning export of certain munitions to the region™s police forces. China condemned the move and called for...

Gold Steady Amid U.S.-China Tension Before Fed Minutes

Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve meeting later Wednesday. The U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations, drawing a rebuke from authorities in Beijing and potentially complicating trade talks between the two countries. China on Wednesday reiterated a threat to...

Gold Slips as Fresh Hopes For US-China Deal Boosts Equities

Gold fell on Tuesday, erasing gains from earlier in the session, as a temporary reprieve from Washington for China™s Huawei rekindled optimism for a trade deal between the countries and boosted risk sentiment. Spot gold was down 0.4% to $1,465.44 per ounce, reversing course from the Asian trading hours, when prices rose to their highest since Nov. 7 at $1,475.40. U.S. gold futures fell 0.4% to $1,465.70 per ounce. European share markets reached a four-year high as a new extension granted...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.