US Household Debt Surpassed Beyond $17.5 Trillion in 2023
In light of the data released last week, household debt in the United States has risen to $17.5 trillion by the end of 2023.
Read MoreIn light of the data released last week, household debt in the United States has risen to $17.5 trillion by the end of 2023.
Read MoreRecent statements from Federal Reserve officials, including Chicago Fed President Austan Goolsbee, Cleveland Fed President Loretta Mester, and New York Fed President John Williams, have downplayed the likelihood of early rate cuts in 2024, aligning with the Federal Reserve's current hawkish stance.
Read MoreThe gold price surpassed its previous high from the pandemic period, fueled by growing expectations of interest rate cuts in the US in the coming year.
Read MoreOil extended its most significant weekly gain as traders awaited a crucial OPEC+ meeting on the supply situation and considered indications that the Federal Reserve (Fed) has finalized its interest rate hikes.
Read MoreThe dollar recovered from its 2-1/2 month low following the Federal Reserve's meeting minutes, which indicated a continuation of restrictive interest rates, suggesting the end of the rate-hike cycle.
Read MoreAsia-Pacific markets closed the week on a positive note, as investors analyzed fresh data to gauge the health of business activity in the region.
Read MoreJapanese equity markets outperformed other markets in the Asia-Pacific region as the Bank of Japan corrected its yield curve, attracting investor interest while keeping an eye on the U.S. Federal Reserve's upcoming interest rate decision.
Read MoreThe payrolls report delivered a positive surprise, as employers added 336,000 jobs in September, marking the highest figure since January and nearly double the median estimate.
Read MoreDuring the early Asian session on Thursday, the EUR/USD pair dipped around 1.0500 due to a stronger US Dollar (USD), favorable US economic data, and higher Treasury yields. At present, EUR/USD is trading near 1.0512, up 0.09% for the day. The US Dollar Index (DXY) has surged to 106.60, its highest since November, while the 10-year Treasury yield is at 4.618%, a level not seen since 2007.
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