XAGUSD XAG/USD
- 31.835
- -0.144-0.45%
XAG/USD News
Silver Price Today: Silver Falls, According to FXStreet Data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
New debt tycoon reaffirms the “American recession theory”, no later than 2025
The “king of bonds” Jeffrey Gundlach once again warned that the US economy is about to decline. The latest data shows that the US economic situation continues to deteriorate.
Silver Price Forecast: XAG/USD Falls to Near $31.50 Amid Hawkish Fedspeak
Silver price continues to lose ground after retreating from the highest level of $32.51, a level not seen since December 2012. The Silver price trades around $31.80 per troy ounce during the European hours on Wednesday. Investors assess recent remarks from Federal Reserve officials, with several policymakers advocating for continued policy caution
The Federal Reserve is being questioned; high interest rates may not reduce inflation!
Now people are beginning to question the Federal Reserve's ability to guide the economy and manage inflation. David Zervos, chief market strategist at Jefferies, said Tuesday morning: “Policies are not restrictive. Demand hasn't been crushed.” Atlanta Federal Reserve Chairman Raphael Bostic thinks the policy is restrictive.
Interest on US treasury bonds this fiscal year may surpass defense spending by the first time
In the first seven months of fiscal year 2024, which began in October of last year, total net interest payments on US Treasury bonds reached 514 billion US dollars, 20 billion US dollars higher than defense spending during the same period. Budget analysts believe this trend will continue, making fiscal year 2024 the first time in US history that interest spending on treasury bonds surpassed defense spending.
Japanese Yen Depreciates Due to Increased Trade Deficit, Steady US Dollar
The Japanese Yen (JPY) weakened following the release of Japan's Merchandise Trade Balance data on Wednesday.
A number of Federal Reserve Board members spoke out that the overall tone was “not in a hurry to cut interest rates”
Last week's April CPI injected a dose of strength into the market, and expectations of interest rate cuts were once again rekindled. Since this week, many Federal Reserve executives have been speaking out intensively, sending a more clear signal about the next interest rate path. Overnight, Federal Reserve Governor Waller, New York Federal Reserve Chairman Williams delivered speeches, Atlanta Federal Reserve Chairman Bostick, Cleveland Federal Reserve Chairman Meister and many other senior officials delivered speeches one after another. Overall, although inflation data has boosted market confidence, the overall position of Federal Reserve officials is still “hawkish,” saying that it is still necessary to see a trend where inflation continues to decline before making a decision to cut interest rates. Federal Reserve Officials' Views on Specific Interest Rate Cut Paths
Federal Reserve Officials Reiterate: We need to see more evidence of falling inflation before cutting interest rates
Two Federal Reserve officials have reiterated that interest rates will remain high for a longer period of time.
Goldman Sees More Dollar Strength Amid Fight Against Inflation
The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.
Fed's Collins, Mester Emphasize Need for More Data to Cut Rates
Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.
Fed's Collins: Progress Needed for Interest Rate Adjustment Will Take Longer
Federal Reserve Bank of Boston President Susan Collins spoke at “Central Banking in the Post-Pandemic Financial System” on Wednesday. Collins said that progress toward interest rate adjustment will take longer.
Silver Price Analysis: XAG/USD Edges up yet Remains Below $32.00
Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
How will US interest rates actually go? Nobel Prize winner Krugman was also dumbfounded
Will US interest rates return to pre-pandemic levels in the medium term, as some people predicted, or will they remain high for a longer period of time? Even Nobel laureate economist Paul Krugman said he had no clue about it. “I'm just confused about interest rates,” Krugman said in an interview. “Whoever it is, claiming to know the exact answer is fooling themselves.” The yield on US 10-year Treasury bonds is currently around 4.4%, yet it was less than 2% on the eve of the outbreak. The non-partisan Congressional Budget Office predicted earlier this year that it would be around 4% over the next ten years. Currently working for Crewe at the City University of New York
Federal Reserve policymakers remain cautious after the April inflation data was released
Investors will be keeping a close eye on comments from Fed policymakers on the policy outlook this week. The market believes that the possibility that the Federal Reserve will keep its policy unchanged in September is weakening. The Fed's interest rate outlook could affect the dollar's performance against its main rivals.
Fed's Waller Needs 'Several More' Months of Good Inflation to Cut Rates
Federal Reserve Governor Christopher Waller said he needs to see “several more” months of good inflation figures to begin interest-rate cuts, though recent data suggest progress has likely resumed.
Fed's Bostic: Fed Has to Be Cautious About First Rate Move
Atlanta Federal Reserve President Raphael Bostic said on Tuesday that the restrictive monetary policy is having an impact on rate-sensitive sectors and delaying investment, per Reuters.
The Fed Still Needs a Few Months of Good Data to Cut Rates, Says a Governor -- Barrons.com
The Federal Reserve's progress on tamping down price growth seems to be resuming, Governor Christopher Waller said Tuesday, but noted that he still needed to see "several more months of good inflation data" before he'd consider cutting interest rates.
Dollar May Trade Steady For Now, More Likely to Rise -- Market Talk
The dollar looks set to remain steady in the near term, although risks appear skewed slightly towards it rising along with U.S. Treasury yields, ING says.
Silver Price Analysis: Reaches a Technical Crossroads
Silver (XAG/USD) price is consolidating in the $31.60s on Tuesday after pulling back from Monday’s eleven-year high of $32.51.
Fed Policymakers Take on a Cautious Language on Policy Outlook
Federal Reserve (Fed) policymakers are scheduled to deliver speeches throughout this week as investors reassess the interest rate outlook following the April Consumer Price Index (CPI) data.