Tag Archives: Powell
U.S. Non-Farm Payrolls Data Exceeds Expectations
NFP Report Signals a Pause in Fed Rate Cuts Last Friday, data from the U.S. Bureau of Labor Statistics showed that the U.S. economy added more jobs than expected in December, and this increases chances of the Federal Reserve not lowering interest rates during its next policy meeting. The jobs market created 256,000 new jobs […]
Gold Prices Plunged, But Rebound is On The Way
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for DEC 19, 2024. Fundamental Analysis GOLD Key Takeaways Technical Analysis GOLD Daily Chart Insights (GOLD Daily Price Chart, Source: Ultima Markets MT4) GOLD 1-hour Chart Analysis (GOLD H1 Price Chart, Source: Ultima Markets MT4) GOLD Pivot Indicator (GOLD M30 Price […]
Fed’s ‘Hawkish’ Rate Cut Lifts Dollar to Two-Year High
Fed Hold Rates Steady at 4.25% as Expected On Wednesday, the Federal Reserve decreased the benchmark policy rate by 25 basis points, which has reached a range of 4.25%-4.50%. The officials hinted at the possibility of a pause in further rate cuts next year as labor market conditions remained stable and the inflation trends showed […]
