Major Factors That Drive USD Movement
Category: Economy Total Views: 569By : Henry Turner Updated: 09-23-2024
Key Factors Influencing USD Fluctuations
The dollar represents over 58% of foreign reserves held worldwide, making it the most used and represented money globally. It has dominated the global finance market so much that it is the official currency in 5 U.S. territories and 11 foreign countries and territories outside the country. Also, the dollar is a legal tender in many other nations, in addition to its local currencies. Some of these nations include Bermuda, Cambodia, and Nicar... Read More
Mixed Economic Indicators: US Growth and Unemployment
Category: Economy Total Views: 409By : Owen Jenkins Updated: 08-06-2024
US Recession Concerns Resurface Amid Weak Employment Report
After a poor employment report, US recession worries have surged. The post-pandemic high in the jobless rate caused anxiety about a recession about to strike. This development calls into question the Federal Reserve's target of a gentle economic landing. Negative reaction of stock markets indicates that interest rates might have been maintained high for too long. More gloomy views are substituting for the story of a b... Read More
Weaker Jobs Data Sparks Dollar Decline, Rate Cut Hopes
Category: Economy Total Views: 399By : Hannah Lewis Updated: 08-03-2024
U.S. Dollar Hits Four-Month Low Amid Weak Jobs Report
Friday brought a four-month low in the value of the U.S. dollar. This came after a rather dismal July job report. Employers created just 114,000 new positions according to the report. This far less than the anticipated rise of 175,000. Rising from 4.1%, the unemployment rate also hit 4.3%. These numbers begged questions regarding the economic strength. These days, traders hope the Federal Reserve will drop interest rates by 50 ... Read More
Record Tourism Growth Boosts Greater Ontario Economy
Category: Economy Total Views: 255By : Henry Turner Updated: 08-01-2024
Record Economic Impact of Hospitality and Tourism in Greater Ontario
Greater Ontario's hospitality and tourism industry created a record $110 million in economic impact last year. This striking number emphasizes the area's rising significance as a top Southern California travel destination. The information comes from an annual report on area development by Greater Ontario California (GOCAL). The record impact points to a significant industry recovery and expansion directio... Read More
Upcoming Economic Data to Guide Fed Rate Policy
Category: Economy Total Views: 215By : Evelyn Baker Updated: 07-31-2024
Fed Expected to Hold Interest Rates Steady
After its Wednesday two-day policy meeting, the Federal Reserve is expected to keep its present interest rates. Following a year of stability in the 5.25% to 5.50% range, the decision to leave rates unaltered is based The Fed's main preoccupation still is inflation control, notwithstanding continuous economic expansion. This stop in rate lets the Fed evaluate how past increases affected the economy. To guide next decisions, officials ... Read More