Tag Archives: CPI Data

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …

The US Dollar fell again last week. However, according to analysts and economists the dollar is expected to consolidate ahead of November Consumer Price Index (CPI) data and December’s FOMC meeting.A shift in momentum signals could keep the US dollar’s negative performance in the short-term. Yet, the US dollar’s downside …

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 6% on a yearly basis in October from 6.3% in September, the US Bureau of Economic Analysis announced on Thursday. This reading came in below the market expectation of 6.2%. The annual Core PCE …

US Treasury Secretary Janet Yellen said she is not reading too much into October’s inflation report, which showed price pressures narrowing faster than expected and sent markets soaring.While the consumer price index report, which showed annual inflation slowed to 7.7%, was good news, it might not mean that inflation is …

WTI is trimming some of its weekly losses and seems boosted by a weaker US dollar. At the time of writing, WTI crude is trading at $88.26 per barrel as easing inflation in the United States destabilized the dollar as traders look forward to less aggressive Fed’s stance. China’s refineries …

Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …

The AUD/USD pair has jumped following the key inflation data in the United States. The CPI figures came below expectations. Speculation above smaller rate hikes from the Fed impacted the US dollar, so, the pair hit at 0.6564, the highest level since late September.Pre-CPI Versus Post-CPIThe US Consumer Price Index …

Global news came mixed on Wednesday. News from China impacted market sentiment and risk appetite after another district lockdown due to covid infections. Russia is withdrawing from Kherson, the only Ukrainian regional capital captured since the invasion began, as Moscow cannot keep supplying troops and Russian President Vladimir Putin would …

The EUR/USD pair found an immediate bolstering factor around 1.0000 ahead of the key US CPI data expected on Thursday. US shares were subject to massive selloff transactions amid anxiety ahead of US midterm elections.The Eurozone CPI is still seen at 3% in three years and 5.1% in the next …