CNYUSD CNY/USD
- 0.138000
- -0.000130-0.09%
CNY/USD News
What should the Federal Reserve do if the inflation data is not optimistic?
The Federal Reserve is likely to remain cautious and will not start cutting interest rates anytime soon
The Federal Reserve faces a difficult choice between curbing continued inflation and avoiding a slowdown in growth
The economic data released on Thursday (April 26) paints a worrying picture of the US economy. Although the market has mostly avoided the panic, numbers suggest that the soft landing people are hoping for may be increasingly unlikely.
US Core PCE Inflation Set to Signal Firm Price Pressures as Markets Delay Federal Reserve Rate Cut Bets
The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.
The US March PCE data hits hard tonight, and the market is worried about the risk of rising inflation
Some analysts warned not to expect how much the inflation situation will improve; there is an upward risk of inflation.
Trump warns that a strong dollar could cause a disaster in the US economy! Analyst: Upside may be limited
Analysts say former US President Donald Trump was right: a strong dollar is causing US consumption to increasingly shift to foreign suppliers. But another analyst said the politicization of the dollar could limit its upside.
“New Federal Reserve News Agency”: The Fed's dream of cutting interest rates is far away
Well-known financial journalist Nick Timiraos wrote that the US economic activity report released on Thursday brought investors and Federal Reserve policy makers the latest unpleasant reminder.
Investors are more concerned about inflation than a weakening economy
The latest data shows that the US economy slowed in the first three months of this year. But what worries investors even more is that inflation is accelerating faster than Wall Street expected, which shocked the market on Thursday.
US Dollar Finds Footing With Mild Gains Following GDP and Labor Market Data
The US Dollar Index (DXY) is seen trading mildly down at 105.75 on Thursday and struggling to gain more ground following its extended rally in April.
US Economy: Slower Growth With Stronger Inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter.
The US economy was hit by both slowing growth and high inflation, and the pressure on the Federal Reserve increased dramatically
US economic growth slowed significantly in the first quarter, falling short of market expectations, raising concerns about the Federal Reserve's austerity policy.
The initial real GDP value of the US in the first quarter was 1.6%, the lowest in two years, and core PCE prices accelerated for the first time in a year
Economic growth unexpectedly “exploded,” and core inflation was stubborn. After the data was released, traders expected that the Fed's first interest rate cut would be postponed until December, and that the Fed would only cut interest rates by about 35 basis points for the whole of 2024, far lower than the forecast at the beginning of the year.
US Weekly Initial Jobless Claims Decline 207K Vs. 214K Expected
There were 207,000 initial jobless claims in the week ending April 20, the weekly data published by the US Department of Labor (DOL) showed on Thursday.
US Q1 GDP Preview: Economic Growth Set to Remain Firm In, Albeit Easing From Q4
In the initial estimate released on Thursday by the US Bureau of Economic Analysis (BEA), it was revealed that the actual Gross Domestic Product (GDP) of the US expanded by 1.6% on an annualized basis in the January-March period.
US GDP data for the first quarter hits tonight, and a surge in immigration is expected to drive continued economic prosperity
The market currently expects the US real GDP annualized quarterly rate for the first quarter to be 2.4%.
The US neutral interest rate may be much higher than 2.6%, and market expectations tend to cut interest rates slightly
It is difficult to prove that high interest rates have had a substantial negative impact on the economy. The exact timing of monetary policy relaxation, and how the central bank's position remaining unchanged will affect financial markets and economic performance are all major issues. There are few precedents for the Federal Reserve to cut interest rates during this period of strong growth. This makes expectations of the Federal Reserve's policy tend to cut interest rates slightly, but they will not return to the near-zero interest rate level that prevailed in the years after the financial crisis.
PBoC Sets USD/CNY Reference Rate at 7.1058 Vs 7.1048 Previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1058 as compared to the previous day's fix of 7.1048 and 7.2472 Reuters estimates.
The Federal Reserve kept interest rates high for longer, and it probably wasn't as bad as the market thought
Looking back at history, high interest rates don't necessarily mean anything bad for the US stock market and the country's economy. It makes no sense for high interest rates to cause a recession. Generally speaking, as long as high interest rates are linked to economic growth, then this is not a bad thing. Industry insiders pointed out that we should pay close attention to the information conveyed during the current earnings season, such as the impact of interest rates on corporate profit margins and consumer behavior.
Forex Today: Cautious Trade Supported the Dollar Ahead of US GDP
The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week.
US Dollar Sees Slight Uptick Following Durable Goods Orders
The US Dollar Index (DXY) is trading mildly higher at 105.90, buoyed by high US yields amidst hawkish bets on the Federal Reserve (Fed).
Interest rates on 30-year US mortgages rose to 7.24%, a five-month high
The Zhitong Finance App noticed that US mortgage interest rates have risen to the highest level in 5 months, depressing home purchase applications for the 5th time in the past 6 weeks. According to data released by the American Mortgage Bankers Association on Wednesday, interest rates on 30-year fixed mortgage contracts rose 11 basis points to 7.24% in the week ending April 19, the highest level since November 24 last year. The home purchase mortgage application index fell 1%. The overall application index, which includes home purchases and refinancing applications, fell 2.7% last week. Refinancing fell 5.6%, the biggest drop since February. More than 7% of borrowing costs are