The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
LONDON/TOKYO, March 13 - The U.S. dollar index held steady on Wednesday as traders shrugged off hotter-than-expected U.S. inflation and still expected a Federal Reserve interest rate cut in June.
Markets see almost no chance of a Fed cut later this month, but expectations for rate cuts in June have eased only a touch to about a 67% likelihood versus 71% earlier in the week, according to the CME Group's FedWatch Tool. Last week, Powell said the U.S. central bank was"not far" from gaining the confidence it needs in falling inflation to begin cutting rates.
Traders are now looking to the initial estimates of spring wage negotiations to be announced on Friday. The results will be crucial for the BOJ's policy calculations on whether to exit negative interest rates at its meeting on March 18-19.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Jobs report strengthens conviction of a June rate cut by the FedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Lire la suite »
Gold declines sharply as higher-than-expected CPI leads to dollar strengthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Lire la suite »
ECB Officials Back June Cut With Some Keeping Door Open to AprilMomentum is building for the June interest-rate cut that European Central Bank President Christine Lagarde flagged on Thursday.
Lire la suite »
Wall Street Sees Dollar Down But Not Out After Week’s SelloffWall Street isn’t ready to go all in on bearish dollar bets even as the currency suffers from the worst selloff this year.
Lire la suite »