Tag Archives: inflation

Microsoft has announced expectations for increased spending on artificial intelligence (AI) in the current quarter but cautioned that growth in its Azure cloud business may slow down due to capacity constraints at its data centers. Shares of the Redmond, Washington-based company fell 3.6% in after-market trading, reversing earlier gains despite …

The U.S. dollar held steady at high levels on Tuesday, bolstered by recent U.S. economic data that suggests resilience in the economy and anticipation of a slower pace of rate cuts from the Federal Reserve. Meanwhile, the Japanese yen remained near a three-month low due to post-election political uncertainty. As …

The Bank of Canada (BoC) is expected to deliver a major policy shift on Wednesday by cutting its key interest rate by 50 basis points, in response to mounting concerns about inflation, sluggish economic growth, and softening labor markets. Economists widely anticipate this will mark the central bank’s first outsized …

The U.S. dollar reached new highs on Wednesday as investor demand for safe-haven assets grew in response to ongoing uncertainties surrounding U.S. interest rates and the upcoming presidential election. At 04:10 ET (08:10 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, rose by …

The EUR/USD exchange rate is likely to continue falling as the European Central Bank is expected to lower interest rates again. The value of the EUR/USD pair is currently at 1.0800, but its future direction is uncertain due to expectations that the ECB will adopt a more lenient monetary policy. …

Inflation in the U.S. eased on an annual basis in September, though it still surpassed economists’ forecasts, potentially complicating the Federal Reserve’s decision on future interest rate cuts. The Consumer Price Index (CPI), a key measure of headline inflation, slowed to 2.4% year-over-year, down from 2.5% in August, but higher …

The Federal Reserve (Fed) is set to release the minutes from its September 17-18 policy meeting on Wednesday at 18:00 GMT. The meeting marked a significant shift in monetary policy as the central bank cut interest rates by 50 basis points, the first reduction in over four years.While the market …

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest job market report to be “superb” and noted that additional reports like this would increase his confidence that the US economy has reached full employment with low inflation. Key Quotes Do not want to react …

The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid rising Middle East tensions and investor focus on the U.S. payrolls report, which could influence the future trajectory of U.S. interest rates. The dollar index, which tracks the greenback against six major currencies, stood …

The U.S. dollar strengthened on Thursday, supported by robust employment data and geopolitical tensions in the Middle East. At 08:30 GMT, the Dollar Index, which measures the greenback against a basket of six major currencies, rose by 0.2%, reaching 101.597, close to its recent three-week high. Labor Market Strength Fuels …