The latest data from the US Bureau of Labor Statistics reveals that the Producer Price Index (PPI) for final demand in the United States increased by 1% on a yearly basis in December. This marks a slight uptick from the 0.8% growth recorded in November, which was revised from the …
Read More »Nikkei Index Hits 34-Year High, Notching Best Week Since March 2022
Japan’s Nikkei index surged to its highest level in 34 years on Friday, marking its most impressive week since March 2022. The rally was bolstered by diminishing expectations that the Bank of Japan would imminently shift away from its monetary easing policy and a resurgence of foreign investor interest. Closing …
Read More »GBP/USD edges higher ahead of key UK GDP, US PPI data
The Bank of England may be facing a deadline for its first rate decrease because of a possible faster pace of decline in inflation, which is why the GBP/USD pair is trading strongly for the third day in a row. The US CPI inflation data could put the Federal Reserve’s …
Read More »Fed’s Mester: March probably too early for rate cut
The rocky path of getting inflation back to the US Federal Reserve’s 2% target rate reflected in the latest Consumer Price Index (CPI) figures means that it would likely be too soon for the central bank to cut its policy rate in March, Cleveland Fed President Loretta Mester said on …
Read More »Microsoft Surpasses Apple, But CPI Report Drags US Stocks Lower
US stocks are lower after consumer-price index data showed inflation was slightly hotter than expected in December.Signs of cooling inflation fueled a big rally across a range of markets toward the end of last year, with investors piling into everything from Treasurys to stocks to low-rated corporate debt.Thursday’s data was …
Read More »AUD/USD declines after US CPI data
The AUD/USD saw a loss of 0.30% and dropped below the 0.6700 mark. Declining US CPI in December reduced dovish Fed bets. The pair’s downside is constrained because there is a good chance the Fed will lower rates in March.On Thursday, the Australian dollar declined in value relative to the …
Read More »Dollar Weakens in Asia as Traders Await US Inflation Data
In Asian trading on Thursday, the US dollar experienced a decline, dropping to its lowest level around 102 points as traders awaited crucial US inflation data for insights into the Federal Reserve’s policy direction for the year. Bitcoin surged to $46,400, nearing its highest level in two years, following the …
Read More »Treasury yields decline ahead of CPI data
While financial markets gear up for a relatively busy year, there persists a state of severe disagreement about the forces driving longer-term interest rates.The range of forecasts for the yield on the 10-year Treasury one year from now is below 3% to above 5%. The yield outlook is mostly dependent …
Read More »Gold Prices Dip Amidst Dollar and Bond Yield Gains Ahead of Key US Inflation Report
On Wednesday, gold prices experienced a decline, influenced by the ascent of the US dollar and a rise in Treasury bond yields. Investors closely monitored these indicators ahead of the US inflation report, which is anticipated to provide insights into the potential trajectory of interest rate adjustments by the US …
Read More »Dollar Holds Steady Ahead of US Inflation Data
In cautious trading on Wednesday, the dollar maintained its position as investors awaited crucial US inflation data later in the week, which could impact Federal Reserve policy. Meanwhile, Bitcoin faced fluctuations after a false social media post caused turmoil in the markets. The US Securities and Exchange Commission (SEC) reported …
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