Coffee Futures Surge On Strong Economic Data
Coffee futures are financial contracts that obligate the buyer to purchase a specific quantity of coffee at a predetermined price on a future delivery date. These futures contracts are traded on commodities exchanges and serve as a way for participants in the coffee industry to manage price risk. Margin on coffee futures and contract specifications: […]
10 Key Factors Impacting Silver Futures Price
Like any commodity, the price of silver futures is influenced by various factors. Silver’s history is rich, dating back to ancient times in Egypt and Rome. Silver has always been known for its rarity and beauty. In more recent times, however, due to its excellent conductivity, silver has become more of an industrial metal. Below […]
PCE Comes in Hot, Spending Increases.
A key index of U.S. prices ticked higher, indicating that the economy continues to experience high inflationary pressures. According to Friday’s government report, the index closely monitored by the Federal Reserve showed a 0.4% increase in prices from March to April, surpassing the previous month’s 0.1% rise. On a year-over-year basis, prices rose 4.4% in […]
Market Insights Thursday Feb. 23
John Caruso Senior Market Strategist Good morning, Market Insight: *Eurozone CPI mm -0.2% vs -0.2% exp vs -0.4% prev. *Eurozone CPI yy 8.6% vs 8.6% exp vs 8.5% prev. *BoE’s Mann: Further tightening and sooner rather than later likely is needed *US Fed Swaps upgrade bets on 25pbs hike in […]
Federal Reserve Stays Course, Raises Rates
Federal Reserve Interest Rate Increase of .25 Brings Benchmark Rate to its Highest Level Since 2007. The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. The central bank acknowledged the slowdown in […]
Income Up, Spending Down, Ahead of Fed Meeting
Personal Income Increased, Spending Drops. Personal income increased $49.5 billion (0.2 percent) in December, according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $49.2 billion (0.3 percent) and personal consumption expenditures (PCE) decreased $41.6 billion (0.2 percent). The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased […]
