Posts Tagged ‘gbpusd outlook’

After the latest FOMC meeting, during which the focus remained on the Federal Reserve’s reliance on incoming data to shape its future interest rate decisions, particularly with regard to the potential duration of elevated interest rates, this week has witnessed a flurry of economic indicators that shed light on the viability of the Fed’s forecast…

In the previous week, the US housing data highlighted the continuing effect of elevated mortgage rates and a limited housing supply on market activity. Claims for unemployment insurance remained low, but indicators such as the Leading Economic Index (LEI) on a downward trajectory and rising Treasury yields and oil prices indicate a possible slowdown in…

In August, the Consumer Price Index rose by 0.6%, signifying the most notable monthly increase since June 2022. Given the recent rise in petrol prices, this outcome was widely anticipated. Intriguingly, both short-term and long-term consumer inflation expectations have decreased, indicating an increase in consumer confidence. In the European Central Bank’s (ECB) September monetary policy…

Federal Reserve Chair Jerome Powell testified before Congress last week, noting that economic activity has been resilient in the face of higher interest rates. However, he also said that more work needs to be done to achieve the Fed’s 2% inflation target. Powell’s testimony came as the housing market remains a dominant theme in the…