Category: Cools
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Bitcoin, Altcoins Rebound As US Inflation Cools: Downtrend Over?
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This article is also available in Spanish. Injecting inflation data in the United States, renewed optimism in Bitcoin and the broader encrypted currency markets. In January, inflation in personal consumption expenditures (PCE) – the preferred scale of the Federal Reserve – reaches 2.5 %, and exactly agreed with expectations. The…
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Charting the Global Economy: Inflation Cools in US and UK
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Breadcrumb links BMN Business Inflation measures fell in the US and UK last month, sending bond prices higher after a deep sell-off and boosting bets on interest rate cuts. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on January 18, 2025 • 4 minutes read You can save…
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Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
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The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee voted in favor of the cut, following a steady trend in…
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Fed’s Target in Sight as Inflation Cools, Spending Holds Strong
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The latest Bureau of Economic Analysis (BEA) data gave us a mixed reading on consumer prices for September. Energy, food and commodity prices fell, pushing headline inflation closer to the Fed’s 2% target. but Services inflation remains highWhich suggests that the Fed may be leaning toward keeping interest rates high…
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Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
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Data from the Australian Bureau of Statistics (ABS) showed consumer price increases slowing from 1.0% to 0.2% in the third quarter of 2024 versus market expectations for a reading of 0.3%. On an annual basis, The CPI for the third quarter fell from 3.8% to 2.8%, above the middle of…
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September Inflation Cools but Remains Sticky
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It’s a mixed bag of consumer price data, with annual inflation continuing to slow in September, hitting a three-year low, although the report was slightly hotter than expected. The Consumer Price Index (CPI) — a broad measure of the cost of everyday items — rose 0.2% in September from the…
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Forexlive Americas FX news wrap: US PCE inflation cools
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Rent remains a pain point for small businesses even as overall inflation cools off
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press May Anderson Published on August 27, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content NEW YORK (AP) — While many costs have…
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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steady at $67k as weekend rally cools; US politics in focus By Investing.com
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Bitcoin rose slightly on Monday, stabilizing after a sharp rally over the weekend as President Joe Biden’s abandonment of his re-election bid increased uncertainty over the U.S. political outlook. The world’s largest cryptocurrency has surged in recent sessions amid growing bets that Republican front-runner Donald Trump, who has offered a…
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Dollar gains on hawkish Fed, even as inflation cools By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday despite the US producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the end of its meeting on Wednesday. Data on Thursday showed that US producer prices fell unexpectedly in May,…
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Oil turns higher as U.S. inflation cools, crude stocks drop more than expected
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Slavko Sereda/iStock via Getty Images Crude oil futures reversed course to close higher on Wednesday, as US government data showed a slight decline in inflation and a larger-than-expected decline in crude oil inventories. The Consumer Price Index rose 0.3% last month after rising 0.4% in March and February, while the…