The upcoming BoE rate decision is highly anticipated by the market and economists, with expectations leaning towards no change in rates. The previous meeting saw a majority vote of 8-1 to keep the rates unchanged, signaling a cautious approach to monetary policy. However, recent comments from key BoE officials have hinted at a more dovish
Forecasts
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As investors eagerly await the release of key economic indicators, the focus remains on employment cost, consumer confidence, and other US economic data. Analysts predict a slight increase in employment cost, which could potentially influence investor sentiment towards a possible Fed rate cut in September. Rising wages may lead to higher disposable income and consumer
Economists are anticipating an increase in the Index from -14.4 to -11.0 in the month of April. This positive change in the index could potentially boost confidence in the US economy and steer it away from a looming recession. Despite this, the projected numbers are not expected to have a significant impact on the Federal
May kicks off with the Federal Open Market Committee (FOMC) meeting, which is expected to be a significant event in the financial markets. The consensus is that there will be no change in the Fed funds target range, keeping it at 5.25%-5.50% for the sixth consecutive meeting. This decision is largely influenced by the fact
The Bank of Japan held a monetary policy meeting in March, and the minutes from this meeting are expected to be released on May 2nd. These discussions may shed light on the conditions required for an interest rate hike, which could have a significant impact on investor sentiment. Despite leaving monetary policy unchanged on April
This week’s economic data releases have kept investors on edge, especially in light of the Federal Reserve’s monetary policy decisions. The S&P Global Flash manufacturing PMI for the U.S. dropped to a four-month low of 49.9 in April, signaling a contraction in the sector. As economists anticipate GDP and PCE price index readings, projections point
Gold prices have shown minimal movement recently, hovering in a narrow band as traders closely watch for any developments in U.S. economic data. Despite a slight increase to $2,325.23 per ounce, the overall market sentiment remains cautious. The anticipation of upcoming GDP and PCE reports has heightened, with the potential to impact the dollar and
The recently released economic data showing better-than-expected numbers has provided some support to investor expectations that the US economy will manage to steer clear of a recession. This positive news is likely to have a certain impact on investor sentiment, at least in the immediate future. However, it is important to note that these numbers
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The U.S. Treasury yields are on the rise as investors eagerly await critical economic indicators to gain insights into the economy and determine the potential trajectory of interest rates. Specifically, the 10-year yield saw an increase of over two basis points to reach 4.6414%, while the 2-year yield followed a similar upward trend. With the