IMF’s Global Economic Outlook: Inflation Concerns and Market Reactions
IMF’s Global Economic Outlook: Inflation Concerns and Market Reactions The International Monetary Fund (IMF) recently adjusted its global economic outlook, lowering the expected global growth rate for the upcoming year to 2.9%. This revision has prompted concerns and market reactions. However, the IMF’s update didn’t stop at growth projections; it also raised eyebrows with an increased inflation forecast, climbing from 5.2% to 5.8% for the next year. This inflation warning comes with a clear message […]
Gold Awaits US PPI and FOMC Minutes, Lacks Momentum
Gold Awaits US PPI and FOMC Minutes, Lacks Momentum On Tuesday, the Gold price (XAU/USD) remained in a narrow trading range, consolidating its rebound from a seven-month low around $1,810. It maintained a position just above the $1,850 level, lacking significant directional momentum as traders awaited fresh signals regarding the Federal Reserve’s intentions regarding rate hikes. This cautious approach was influenced by the recent US Nonfarm Payrolls report, which indicated moderate wage growth, alleviating concerns […]
USD/JPY Climbs Toward 149.00, US Data Watched
USD/JPY Climbs Toward 149.00, US Data Watched The USD/JPY pair continued its upward trajectory, reaching approximately 148.80 during the Asian session on Wednesday. This consecutive gain followed a rebound in the previous session, driven by a positive risk sentiment amidst ongoing Middle East conflict. One noteworthy development is the Bank of Japan’s (BoJ) contemplation of revising its fiscal year 2023/24 core Consumer Price Index (CPI) estimate. They are aiming for a 3% target, up from […]