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USD/HKD News
Kashkari: The Federal Reserve has plenty of time to consider a rate cut before it happens.
Kashkari said that if there is only one interest rate cut this year, it is likely to happen at the end of the year.
Fed's Kashkari predicts: One interest rate cut is reasonable this year, but it should wait until December.
On Sunday, Minneapolis Federal Reserve President Kashkari said it was a reasonable prediction that the Fed will cut interest rates once this year, but not until December. This is lower than the expectations of many economists and investors.
New York Fed: Neutral interest rates stable at a low level in the first quarter.
Data released by the New York Fed on Friday showed that the neutral interest rate remained at a low level in the first quarter of this year.
Fed's Mester: Despite the improvement in data, inflation risks still tend to rise.
Cleveland Fed President Mester said that despite the pleasing latest inflation data, she still believes that inflation risks are tilted to the upside.
Chicago Fed President: May inflation data paves the way for interest rate cuts.
Zhifubao Finance learned that Chicago Fed Chairman Guo Ersi said on Friday that if future inflation data is as good as May's consumer price index, the Federal Reserve may consider lowering interest rates. He pointed out that a strong labor market means that the Fed can rely on inflation to drive interest rate cuts. Guo Ersi said in a fireside chat at the Iowa Farm Bureau Economic Summit, "This data is just for a month, but it's very good." According to data from the Bureau of Labor Statistics, the May consumer price index was almost flat, rising only 0.00575%, while the market expected a 0.1% increase.
The high inflation in the USA flabbergasts the whistle-blower who strongly criticizes the fiscal revenue system proposed by Trump as the mother of stagflation!
Former US Treasury Secretary and whistle-blower for US high inflation, Summers harshly criticized the fiscal revenue system proposed by former President Trump, saying on Friday that this is the mother of stagflation and will also trigger a global economic war. He warned that this could easily lead to mortgage loan interest rates reaching 10%.
Two Federal Reserve officials emphasized the hope to see several months of good inflation data before lowering interest rates.
Loretta Mester, president of the Cleveland Federal Reserve, said, "Recent data shows that inflation is softening, which is good news." She hopes to see several more months of good data before considering a rate cut. In an interview with CNBC on Friday, Mester said, "I would like to see several more months of relatively good inflation data, which means a decline in inflation rates and the beginning of a downward trend in short-term inflation expectations." Mester said, "I believe that inflation risks are on the rise, and the labor market is both upward and downward." She said, "We have made good progress in fighting inflation in the past two years, but inflation is still there."
Federal Reserve Wants to Cut Rates, Appears Trapped by Inflation
As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.
Fed's Goolsbee: European Rate Cuts Could Bolster the US Dollar
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago cautioned that he still wants to see further progress on inflation, but sees the possibility of worsening conditions in manufacturing and argiculture. Chicago Fed head Goolsbee was speaking at the Iowa Farm Bureau Economic Summit Ankeny, Iowa.
Fed's Mester: Probably Won't Get to 2.0% Inflation Until 2026
Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted on Friday that she would like to see a longer run of good-looking inflation data, and noted that the path towards the Fed's 2.0% inflation goal may take longer than expected.
US Dollar Strength Continues as Market Adjusts to Consumer Sentiment Collapse
On Friday, the US Dollar Index (DXY) shrugged off weak data releases and continued its positive traction. The Index now hovers around its highest level since early May near 105.80 and then retreated to 105.60 but held daily gains.
Still in a Slump: June Marks Third Straight Slip in Consumer Sentiment
Today's softer-than-expected reading puts consumer sentiment at roughly the midpoint of where it has been over the past two years.
Consumer confidence in the USA unexpectedly fell to a seven-month low, with a slight rebound in long-term inflation expectations.
According to analysis, the decline in consumer sentiment in the USA coincides with signs of a weak labor market. Although low-income households have seen significant wage growth, their budgets remain tight even with the slowdown in inflation, due to the high cost of goods. The views of middle-income consumers are similar to those of low-income consumers, which is different from historical patterns.
US Dollar Holding up Well Despite Rate Pricing
It’s been an interesting week for financial markets. The most striking development in our opinion is the fact that the market is back to pricing two full rate cuts from the Fed in 2024, and yet, the Dollar has held up relatively well considering.
Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts
The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by
In May, inflation in the USA was lower than expected, and the probability of interest rate cuts in September has risen to around 60%.
The US inflation remained stable in May, with no price increases for the first time since June 2021. The annual inflation rate has dropped to 3.3%, slightly lower than the market's expectation of 3.4%. The unexpected drop in inflation rate has ignited investors’ hope that the Federal Reserve may start cutting interest rates in the coming months.
Homebuyers welcome a new opportunity! USA mortgage rates have once again dropped.
This week, the mortgage interest rates in the United States have once again decreased.
Inflation crisis analysis of the US economy: Can "longer and higher" interest rates cause a global economic shakeup?
The Federal Reserve had hoped that 2024 would be a year of interest rate cuts. However, with inflation more persistent than almost anyone expected, those expectations are quickly fading.
Federal Reserve Monetary Policy: Speculation and Wild Guesses
It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy.
US Dollar Extends Recovery as Market Digests Fed Revisions and PPI Data
On Thursday, the US Dollar Index (DXY) continued its positive momentum, extending its recovery into Thursday's session above 105.00.