Tag Archives: cpi

Michael Barr, the vice chair of the Federal Reserve’s Supervision Committee, sent out a statement to news outlets late on Wednesday stating that the FOMC and the Fed as a whole are still optimistic that US inflation will approach the 2% target.Barr is closely watching the situation and does not …

The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …

In January 2024, the US annual inflation rate decreased to 3.1%, down from December’s 3.4%, yet surpassing expectations of 2.9%. The Consumer Price Index (CPI) showed a 0.3% increase from the prior month, exceeding forecasts of 0.2%. Core inflation remained steady at 3.9% annually, defying expectations of a slowdown to …

The dollar stands firm this Tuesday, holding its ground ahead of the eagerly anticipated US Consumer Price Index (CPI) figures. Traders are cautious, refraining from selling the dollar as recent adjustments by the US Administration to refine inflation metrics suggest potential underestimation of current CPI expectations. The National Federation of …

The dollar found stability on Monday, with most major Asian markets closed for a holiday, delaying the start of what could evolve into a bustling week. Attention now shifts to US inflation data for clues on the Federal Reserve’s potential interest rate cuts. Euro Edges Lower, Eyes on Euro Zone …

Due to the parity of factors that affected the trading environment over the preceding period, the price movement of practically all traded assets closed last week’s trading on the global financial markets with a moderate change.These factors started with investors’ focus on the statements and comments by Federal Reserve Chair, …

The US Dollar is softer after weaker US CPI revisions, with the Dollar Index failing to close above the 100-day Simple Moving Average (SMA) and could slide back below 104. The S&P 500 briefly hit 5,000 after the opening of the trading session, with some risk on creeping in. The …

The Federal Reserve looks in no hurry to cut interest rate very soon. Last year’s revisions to the consumer price index (CPI) raised doubts on inflation progress, prompting Fed officials to seek more evidence before committing to interest-rate cuts. The Bureau of Labor Statistics regularly adjusts monthly CPI data to …

Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …

The performance of financial markets exhibited a range of dynamics over the past week. Notably, strength was observed in the performance of oil and the dollar, while gold experienced a marginal decline in its gains. Several key factors acted as primary drivers influencing market movements. Among these, the ongoing Red …