Tag Archives: cpi

The US dollar continued its losing streak on Tuesday, marking the third consecutive day of declines. This weakening of the greenback is a direct reflection of the broader risk-on sentiment that has gripped financial markets. As investors digested recent economic data and eagerly awaited the crucial US inflation report, the …

As investors warmed up ahead of important US data releases, which would undoubtedly affect expectations on a rate decrease by the Fed and provide additional information on the state of the US economy, global markets moved within a consolidative trend. Forex Space: Within the 103.20 zone, the USD Index (DXY) …

The US Federal Reserve is poised to conclude its policy meeting on July Thirty First, with Chair Jerome Powell expected to discuss the central bank’s rate latest decision. This meeting is seen by most analysts as a warm-up act for September, as many Wall Street analysts are hoping for insights …

The economic landscape is shifting as evidence of cooling inflation becomes increasingly apparent. The June Personal Consumption Expenditures (PCE) Price Index report, a key metric closely watched by the Federal Reserve, is anticipated to reflect continued moderation in price growth. This positive trend, driven by factors such as declining gas …

In a surprising turn of events, UK inflation defied expectations and remained at 2.0% in June, raising doubts about the Bank of England’s (BoE) plans for an interest rate cut. Economists had predicted a slight decline to 1.9%, but the latest figures released on Wednesday revealed a stubborn persistence of …

The Euro strengthened against the US Dollar (USD) along with other currencies after US inflation data showed a slowdown. This pushed the EUR/USD pair to its highest level in five weeks. However, the gains weren’t sustained. The EUR/USD pulled back from its daily highs, suggesting a possible reversal and a …

US bond yields have continued to decline since the opening of trading on Wall Street, affected by the latest US inflation reading; the CPI data, that highlighted a continued decline in price growth in the United States last June.The data issued Thursday raised speculation that the Federal Reserve may seriously …

Gold surges amid growing expectations of Fed rate cuts in September. US 10-year Treasury yield drops to 4.288%, while US Dollar Index falls below 105.00. Inflows into Gold ETFs support the metal, with eyes now on US June inflation data and economic indicators.Gold price escalated on Wednesday for back-to-back days …

The S&P 500 climbed to a fresh record on Wednesday, breaking above 5,600 for the first time due to a sharp rise in semiconductor stocks. The broad market index jumped 1.02%, closing at 5,633.91 and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an …

China’s consumer inflation remained tepid last month, with factory-gate prices continuing to fall, indicating a lackluster demand despite Beijing’s efforts to boost consumption.The National Bureau of Statistics reported that the consumer-price index rose for a fifth consecutive month in June, slightly up 0.2% from a year earlier. Factory-gate prices remained …