<p>Fed's Mester after her speech is back on the wires saying:</p><ul><li>Does not believe us is moving to only large bank model</li><li>Fed will not launch Fed digital dollar unless told to do so by elected officials</li><li>Sees progress in getting banks ready to use discount window</li>&l
America's Rising Debt Levels: A Closer Look by NY Fed
<p>The NY Fed takes a closer look at the US rising debt levels:</p><ul><li>Total household debt up $212 billion to $17.5 trillion in fourth quarter of 2023</li><li>Delinquency rates rose in Q4 2023 but remain below pre-pandemic level. Good news.</li><li>3.1% of debt was in some type of delinquency dur
Treas Sec.Yellen:US Budget doesn't need to be balanced to be on fiscally sustainable path
<p>US Treasury Secretary Yellen is on a wires saying:</p><ul><li>US budget does not need to be balanced to be on a fiscally sustainable path</li><li>Critical to reduce deficits to stay on fiscally sustainable path</li><li>We are not looking for a capital increase at World Bank at this time.</li>
JP Morgan Plans To Open 500 New Bank Branches in the US by 2027
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NZD/USD calm ahead of NZ job data
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AUD/USD struggles around 0.6500 despite RBA’s hawkish guidance
The AUD/USD pair faces pressure in holding an auction above the crucial support of 0.6500 in the late European session on Tuesday.
Gold price recovery stalls while US Dollar recovers as Fed pushes back rate cut hopes
Gold price (XAU/USD) struggles to find a direction in Tuesday’s European session amid a lack of data drivers as the economic calendar in the United States is light this week.
EUR/USD remains at risk of a drop through 1.0700 and further losses toward 1.0600 – Scotiabank
EUR/USD traded in a tight range, consolidating recent losses through the low 1.0700s.
United States Redbook Index (YoY) climbed from previous 5% to 6.1% in February 2
United States Redbook Index (YoY) climbed from previous 5% to 6.1% in February 2
EUR/USD dips amid mixed EU data, Powell's hawkish tilt
The Euro losses ground against the US Dollar early during the North American session, following the release of mixed economic data from the Eurozone (EU) and over the weekend hawkish tilt by the Federal Reserve Chair Jerome Powell.