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US stocks rose modestly as tech led gains, but mixed economic data revealed consumer weakness masked by energy inflation. Retail sales met expectations, jobless claims rose, and import prices surged …
EURUSD extends gains above key moving averages amid Fed policy uncertainty and softer labor market data, signaling potential EUR strength against USD in the near term.
GBPUSD falls sharply after the mixed UK jobs report, indicating labor market softening and reinforcing expectations of Bank of England rate cuts in early 2024.
Fed officials are divided: policy remains "restrictive" but some favor further cuts as inflation eases and the labor market softens, leaving the timing of additional easing uncertain and prompting US…
The Fed cut rates 25bps; Powell cited a softer labor market, inflation still above target with tariffs lifting goods prices, and signaled a shift toward neutral policy while continuing balance-sheet …