Tag Archives: us inflation

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.2% on a yearly basis in September, the US Bureau of Economic Analysis announced on Friday. The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged higher to 5.1% on …

The AUD/USD pair has turned sideways after a sheer downside move to Monday’s low at 0.6715 on a risk-off impulse on the market. The asset is hovering around its fresh monthly low as the US dollar index (DXY) has printed a fresh 19-year high at 108.27.The AUD/USD pair is hovering …

President of the Federal Reserve Bank of St. Louis, James Bullard has commented on the latest CPI data saying that he ”won’t emphasize single inflation report too much but inflation is more persistent than many have thought.”The markets are in a freefall into the closing bell on Wall Street on …

Ukrainian President Volodymyr Zelenskyy on Thursday said ”the situation in the south and the Donbas region remained extremely difficult and reiterated that Russia was building up forces near the besieged city of Mariupol.”“There will be battles ahead. We still need to go down a very difficult path to get everything …

Gold prices fell on Wednesday after approaching a record level, with the dollar holding near its highest level in 21 months and investors taking some profits, while the price of palladium rose after the Ukrainian crisis raised fears of a lack of supplies from Russia, its largest producer. And the …

US equities markets took a beating on Monday as a fresh surge in global commodity prices on Russia supply disruptions fears triggered fears of higher US inflation coupled with weaker growth against the backdrop of the Federal Reserve’s tightening.The S&P 500 cratered nearly 3.0%, dropping all the way back to …

Gold overnight hit a YTD high at $2002.67, but afterwards, retreated to January’s 2021 resistance level-turned-support around $1959.40. Just now, the XAU/USD Index is trading at $1996.21, reflecting the risk-aversion of the financial markets.The conflict between Russia-Ukraine has not eased amid the third round of ceasefire talks. Sanctions on Russia …

Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …