Experts say the surge in the US money supply means the Federal Reserve will not cut interest rates in 2024!

Bert Dohmen, an analyst at Dohmen Capital Research, said that the recent sharp increase in the supply of M2 money in the US means that the Federal Reserve will not be able to deliver on expected interest rate cuts this year. He also believes that all discussions about how many times the Federal Reserve may cut interest rates this year are meaningless.

FX678 Finance20:55 ET

EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook

DailyFX20:35 ET

Federal Reserve Daly: Restrictive interest rates need more time to work

The Zhitong Finance App learned that San Francisco Federal Reserve Chairman Daly said that interest rates are currently holding back the economy, but it may take more time for inflation to return to the Federal Reserve's target level. “We have taken restrictive measures, but it may take more time to reduce inflation,” Daly said in a discussion on Thursday. This statement echoes Federal Reserve Chairman Powell's speech on April 16. Daly said that recent data showed that price pressure picked up at the beginning of this year, which highlights the reason why policymakers cannot declare victory in the fight against inflation until they are convinced that inflation is under control. She said, “For the next few months

Zhitong Finance19:48 ET

EUR/USD Climbs Over 1.0780 on Broad-market Risk Appetite Recovery

EUR/USD gained ground on Thursday, finding upside on the week after the US Dollar (USD) broadly fell back after rising US Initial Jobless Claims sparked renewed hope of rate cuts from the Federal Reserve (Fed).

FXStreet19:24 ET

US Dollar Modestly Retreats After Disappointing Jobless Claims Data

The US Dollar Index (DXY) is trading at 105.35, slightly down. Despite signals of persistently high inflation acknowledged by Federal Reserve (Fed) Chair Jerome Powell and a recent hawkish stance from the Fed, the Dollar seems to be under mild downward pressure on Thursday due to the report of weak Initial Jobless Claims figures

FXStreet13:05 ET

European economy grew 0.3% in the first quarter showing signs of recovery

On the evening of the 9th, Beijing time, official European data showed a slight recovery in the European economy in early 2024. Compared to the last three months of 2023, the European economy grew 0.3% month-on-month in the first quarter of this year, as the burden of inflation on consumers eased, and the German economy, which had previously stagnated, began to show signs of moderate recovery. Germany is the largest economy on the European continent. Eurostat's economic growth rate in the first quarter was the strongest since the third quarter of 2022, according to official data released by Eurostat on Tuesday. The Eurozone economy shrank in the last two quarters of 2023

環球市場播報May 9 10:36 ET