Gold price retreated from its intraday high of $2,470 after upbeat US Retail Sales data for July. Traders are widely anticipating the Fed will begin reducing interest rates from September. The July US CPI data boosted confidence that price pressures will return to the desired 2% rate. The US Census …

St. Louis Fed President Alberto Musalem has joined a growing chorus of Federal Reserve officials leaning towards a potential interest rate cut at the central bank’s September meeting. In a speech on Thursday, Musalem indicated that the time may be nearing for an adjustment to the benchmark interest rate.The official …

The US dollar weakened again today as continued signs of cooling inflation diminished expectations for further interest rate hikes. The Dollar Index fell to its lowest level in several days as July’s CPI data reinforced the trend of declining inflation.Key economic indicators will be released today in the US, including …

Even if oil prices have dropped recently, there are some encouraging signs that can help them rise once again in the near future. The aforementioned factors encompass geopolitical conflicts, global demand, and additional economic conditions-related factors. The negative effect from OPEC’s reduction of its forecasts of global oil demand last …

Cisco reported its third consecutive quarter of declining revenue, marking its first full fiscal year drop since 2020. The company is cutting 7% of its global workforce, with earnings and revenue topping analysts’ estimates. Cisco announced in a filing that it will implement a restructuring plan that will result in …

The Consumer Price Index Report for July represented the awaited last obstacle to be overcome before the Federal Reserve cuts interest rates in September, just before their most recent meeting. Though even if the CPI figure is on the strong side, weaker-than-expected labour-market data since then indicates a drop is …

Investors may almost be certain that the Federal Reserve will drop interest rates initially next month—perhaps not dramatically. This is based on the most recent inflation data.In the 12 months leading up to July, the consumer price index indicated 2.9% growth in prices, which was less than the 3% forecast …

US inflation has hit its lowest level in three years on an annual basis in July, setting the Federal Reserve to cut interest rates soon to take pressure off the economy. This reading was the clearest indication yet that inflation is heading back to normal levels from 40-year highs without …

A surprising increase in US commercial crude oil inventories has ignited market speculation as geopolitical tensions simmer in the Middle East. The US Energy Information Administration reported a 1.4-million barrel build in oil stockpiles for the previous week, a stark contrast to the American Petroleum Institute’s estimate of a 5.2 …

The US Dollar has seen a slight decline due to lower US inflation, which has dampened its appeal. The softer but in-line CPI figures have given markets reason to feed on a dovish narrative, and markets still anticipate the first rate cut in September. The market’s expectations for the impending …