The Fed may have to raise rates to 5% to control inflation – Jeffrey Lacker
Former Richmond Fed President Jeffrey Lacker has said in an interview with MNI on Monday, “my feeling is that they
Markets
GBP/USD falls below 1.2250 after bad UK data
GBP/USD has extended its decline after the UK data release. Most of the economic data has been poor. This week,
Bank of Japan: The recent sharp drop in the yen is undesirable and not good for the economy
The governor of the Bank of Japan (BOJ), Haruhiko Kuroda, said on Monday that “the recent sharp drop in the
UK: Manufacturing output falls 1% mom in April vs. 0.2% expected
UK industrial sector recovery remained stagnant in Aprilthe latest UK manufacturing and industrial production data released by the Office for
UK: GDP contracts 0.3% in April, a negative surprise
UK GDP came in at -0.3% MoM in April vs. 0.2% expected. The GBP/USD pair remains below 1.2300 after the
Andelsblatt: Uncontrolled Inflation and Troubled Economy – Investors Expect Continued High Stock Market Pressure
Central banks are tightening their grip on the capital markets, according to Handelsblatt. The European Central Bank (ECB) has suffered
Losses for Bitcoin and Ether in the wake of US inflation data
Bitcoin and Ether fell today amid a wider decline in cryptocurrencies in the wake of data showing that US inflation
Inflation sell off on Wall: ‘Dow’ saw -900 points, Nasdaq at -3.5%
The Wall plunged on Friday in the wake of US inflation data in May, which climbed to 8.6% year-on-year and
Gold Price Forecast: XAU/USD soars to $1,870
Gold Hits Weekly Highs Despite Rising Yields. XAU/USD is testing the $1870 resistance zone. DXY and US yields are at
USD/CHF advances towards 0.9900 on risk aversion
As investors await a hawkish Fed, USD/CHF rallies 0.80% after hot US inflation. High yields on US Treasuries pushed the
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