Financial News

Port of Baltimore closure sparks logistics crisis, as Secretary Buttigieg anticipates prolonged supply chain impacts.

The report indicated that consumers remained concerned about elevated price levels.

In January 2024, US housing showcased resilience: S&P CoreLogic Index climbed to 6.0% annually, contrasting with a subtle 0.1% FHFA decrease.

Febuary sees a 1.4% rise in durable goods orders; business investment up 0.7%. Manufacturing shows growth, with Fed rate decisions in focus.

Durable goods orders and consumer confidence data today are crucial in shaping the Fed’s policy direction amid balancing growth and inflation.

Consumer Confidence Impact: Expectations of ECB June rate cut align with subdued consumer spending plans. Weakness in spending tempers inflationary pressures.

Intervention chatter, the PBoC and the Chinese Yuan, and Aussie consumer confidence deliver a mixed Asian market session on Tuesday.

New Home Sales declined by 0.3% month-over-month in February.

Global markets gear up for critical US GDP and PCE data, set to impact investor moves and market trends in the upcoming financial week.

Scrutiny over SEC court actions intensified after judge dismissed SEC motion to dismiss charges against Debt Box, a possible victory for cryptos.

Markets eye sustained gains as Fed hints at rate cuts and chip sector rallies, with Dow nearing 40,000 amid strong economic signals.

UK retail sales for February could incentivize the Bank of England to begin interest rate cuts in earnest.

Inflation numbers from Japan failed to impact sentiment toward the BoJ rate path, while the RBA highlighted a likely increase in bank loan losses.

In the services sector, activity increased at the weakest pace in three months.

US jobless claims fall to 210,000 amid stable labor market; Philly Fed survey indicates mixed manufacturing growth with rising new orders.

Market optimism soars as Fed signals future rate cuts, driving US stock indexes and gold to record highs.

Asian Equity Markets Rally on FOMC Projections: Hang Seng, Nikkei, and ASX 200 surge as FOMC projects steady rates, sparking demand for risk assets.

Fed Chair Powell noted he believed that inflation was still moving lower.

GDP growth projection for this year was raised from 1.4% to 2.1%.

Investors eagerly anticipate the Federal Reserve’s upcoming ‘dot plot’ release, seeking critical insights into potential interest rate changes.