USDTHB USD/THB
- 36.545
- -0.180-0.49%
USD/THB News
[Breaking News] FOMC predicts GDP: 2.1% in 2024 and 2.0% in 2025.
FOMC forecasts GDP growth of 2.1% in 2024 and 2.0% in 2025.
Wall Street comments on the US CPI: inflation slows down and it is basically certain that interest rates can be cut at least twice this year.
On Wednesday, June 12th, the US Bureau of Labor Statistics released data showing that year-on-year CPI in May increased by 3.3%, slightly down from the previous and expected value of 3.4%; core CPI, which excludes food and energy costs, increased by 3.4% YoY in May, lower than the expected 3.5% and the previous value of 3.6%, the lowest level in more than three years. After the report was released, Wall Street analysts were unanimous in saying that this CPI data was the good news that the Federal Reserve was waiting for. It is likely that there will be two interest rate cuts this year instead of one. Although most people predict a rate cut in September, there are also analysts who think that the rate cut will occur earlier.
USA's core CPI annual rate in May fell to a three-year low, increasing expectations for interest rate cuts.
The cooling of inflation in USA brings optimistic signs.
Technical analysis of EUR/USD, GBP/USD, and USD against the British pound before the announcement of US CPI and FOMC.
The key events on June 12 may affect the forex market. The GBP/USD may react to UK GDP data, which is expected to remain at 0.0%. Any deviation from this standard behavior may cause fluctuations in the British pound. The federal funds rate is expected to remain at 5.50%, and any signs of change may have a significant impact on the USD.
New York Fed: Will the interest rate be lowered? Tomorrow morning, the Fed will reveal its "trump card".
Nick Timiraos expects that the Federal Reserve will continue to hold steady on Wednesday, with a focus on the latest dot plot released that day. If the US May CPI meets expectations, the market believes that the expectation of "two rate cuts" will be dominant, and the Fed may take action in September.
Fed decision expectation: Market holds its breath, waiting to see where interest rate cuts will go.
Amid global financial market attention, the upcoming meeting of the Federal Reserve will undoubtedly become the focus of this week. Market participants are holding their breath, trying to find clues about future interest rate paths from the soon-to-be-released economic forecasts and policy statements. This article will comprehensively predict the expectations for the Federal Reserve's decision based on the latest developments and analysis of institutions and analysts.
USA CPI teams up with FOMC for a major impact, and the market is preparing for a thrilling night!
"The most exciting Wednesday" has arrived. Tonight, the US CPI and the Fed's decision will be released, and global investors are awaiting the news. Here are the main points to pay attention to: pay attention to the month-on-month core CPI. If the core CPI and the key OER rent are weaker than expected, the market may start to price in a rate cut in July. The month-on-month core CPI will also be the key variable that dominates the rise and fall of US stocks. The core inflation rate needs to increase by more than 0.3% month-on-month to bring pressure on the market, with a 25% chance between 0.25% - 0.30%, and the S&P 500 index is expected to rise by 0.75% to 1.25%. This FOMC Fed meeting
Thailand Holds Key Rate Again as Economy, Inflation Pick Up
Thailand's central bank left its key interest rate unchanged for the fourth straight meeting as an improving economy and a pick-up in inflation gave it more leg room to resist the government’s calls to ease policy.
Bank of Thailand keeps key interest rate unchanged again due to improving economy and slight recovery of inflation.
The Bank of Thailand has maintained its benchmark interest rate for the fourth consecutive policy meeting, as economic improvement and inflation rebound give it more room to resist pressure from the government to ease policies.
US May CPI Outlook: Signs of inflation may fall, will there be one or two rate cuts this year?
The Fed is facing a dot plot suspense.
Thai Central Bank Keeps Rate Unchanged as Economy Shows Signs of Recovery
Thailand's central bank held its policy rate steady, defying pressure to start easing, as the economy begins to show signs of life.
US CPI report and Fed meeting preview: Inflation is expected to be far higher than the target of 2%, and the Fed may lower its GDP growth expectations.
On Wednesday, the key US May CPI and Federal Reserve policy meeting will be announced. Economists predict that CPI will only rise by 0.1% from April, but this still corresponds to an annual cumulative increase of 3.4%. Core PCI is expected to show a monthly increase of 0.3% and an annual increase of 3.5%. On the issue of interest rates, the Federal Reserve will take no action. However, officials will provide a variety of latest economic forecasts, including the much-watched central bank interest rate expectations "dot plot".
May inflation report is about to be released, and there is still suspense in the final moments of the Fed's dot plot.
Federal Reserve officials may have to wait until the last day of the two-day policy meeting after the release of important consumer price reports before finalizing the highly anticipated interest rate forecast.
The US inflation and interest rate decision is coming, and the market may respond flatly! Powell may reiterate his opposition to rate hikes.
The United States will release the CPI for May and the Federal Reserve's decision. A strategist from Natixis Investment Managers said that as the market's forecasts for the results are quite mild, it is expected that these two things will not cause much reaction. Economists also expect the Fed to lower its GDP growth expectations and raise its inflation expectations based on March. Goldman Sachs said that Powell opposed raising interest rates in May and there will be no major changes in this statement.
Alarm bell ringing! CPI, Fed dot plot, two "nuclear bombs" striking together, Asian investors cannot sleep or eat in peace.
As the United States prepares to announce its latest inflation data and the highly anticipated Federal Reserve "dot plot," investors from Tokyo to Sydney are planning for how this double impact will shake everything from the stock market to the bond market and foreign exchange market.
Driven by double expectations of CPI and the Federal Reserve, the US dollar is only one step away from its high point in 2024.
As market speculation about Wednesday's US inflation data and the Fed's policy decision increases demand, the dollar is rising towards a new high for the year.
Will the number of interest rate cuts this year be reduced to two times? The market is waiting for the Federal Reserve meeting and Powell's guidance.
The US market is preparing for the most important day of the week.
Forex Today: The Dollar Looks Bid Ahead of US CPI, Fed
The USD Index (DXY) extended its march north of the 105.00 barrier ahead of key data releases.
Fed Expected to Keep Rates Unchanged – TDS
The Federal Reserve's (Fed) Federal Open Market Committee (FOMC) is widely expected to keep rates unchanged on Wednesday, with Chairman Jerome Powell likely providing a similar policy message compared to May, analysts at TD Securities write in a note.
Federal Reserve Likely to Stay on Hold in June – BBH
The two-day FOMC meeting begins on Tuesday and ends on Wednesday. Analysts at BBH expect a hawkish hold.