Category Archives: Weekly Market Event Highlights
Dollar Rises on Debt Ceiling Optimism and Hawkish Fed Tone
Written on May 25, 2023 at 7:03 am, by puprimedev
The dollar has its highest since March as Fed meeting participants lean hawkish even as punters expect a hike pause in June. Important this week: the Fed meeting minutes released on Wednesday and more updates on the U.S. debt ceiling talks. The minutes for the Fed’s May 2-3 meeting was released yesterday, with divergent opinionsContinue Reading
Debt Ceiling Optimism Overshadows Macro Data
Written on May 18, 2023 at 6:25 am, by puprimedev
The dollar has hit a 7-week high after significant progress on the debt ceiling bill has been reached. Macroeconomic data has taken a backseat as the U.S. nears its 1 June debt ceiling deadline as outlined by Treasury Secretary Janet Yellen. Unlike the hard data of economic releases, this is a political issue, and allContinue Reading
US CPI Shows Signs of Moderation But Caution Still Advised
Written on May 11, 2023 at 6:21 am, by puprimedev
Markets have posted a slight rally after inflation came in lower than analyst expectations even as a debt crisis looms. On Wednesday, the U.S. Bureau of Labor Statistics released the year-on-year CPI readings for April, where a rise of 4.9% came in marginally lower than economists’ expectations of 5.0%. Meanwhile, month-on-month core CPI came inContinue Reading
