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Gold Price Forecast: XAU/USD In Steep Decline As Hawkish Fed Weighs In
US S&P Global PMIs Preview: Economic Expansion Set to Persist in May
On Thursday, S&P Global will issue its flash estimates of the United States (US) Purchasing Managers Indexes (PMIs), a monthly survey of business activity. The survey is separated into services and manufacturing output and aggregated into a single statistic, the Composite PMI.
Forex Today: US Dollar Loses Recovery Momentum, Eyes on PMI Surveys
The US Dollar (USD) Index seems to have entered a consolidation phase early Thursday after climbing to a weekly high near 105.00 on Tuesday.
GF Securities: Inflation is no longer the only consideration for the Fed to cut interest rates. We need to balance inflation and the job market
The Zhitong Finance App learned that Guangfa Securities released a research report saying that Federal Reserve officials generally believe that policy interest rates are in a reasonable position and still pay attention to the balance between the level of inflation and the job market. If inflation does not progress further, it is necessary to maintain high interest rates for a longer period of time; in addition, they support reducing the QT scale. The team believes that overall, the Federal Reserve still maintains a data-dependent strategy and has not given a definitive monetary policy path; however, the “central position” of its monetary policy stance has changed slightly: the statement in the minutes shows that inflation is no longer the only consideration for interest rate cuts; balancing inflation and the job market is. First, the Federal Reserve meets every year8
Gold Price Edges Lower On Fed's hawkish Stance
The hawkish stance of the FOMC minutes from last month's meeting might cap the precious metal's upside
The minutes of the Federal Reserve meeting destroyed the prospects for interest rate cuts. Analysts: The dollar bulls point to a three-week high
The minutes of the Federal Reserve FOMC meeting clearly showed hawkish signs, and the official slogan of long-term upward trend has been confirmed. The analysis indicates that the dollar bulls will challenge the target price of 105.74. This position is the nearly three-week high hit on May 9.