Category: CPI
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The 5 Best Crypto to 100x After Bullish CPI Data
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Bitcoin open interest (OI) on Binance recently increased by 3.30% to $10.96 billion. US CPI data fueled this jump, suggesting further US interest rate cuts are on the horizon. If price cuts materialize, bullish sentiment for cryptocurrencies is expected to accelerate – US investors will have more disposable income to…
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Wall Street Has Best CPI Day Since at Least 2023: Markets Wrap
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(Bloomberg) — Wall Street breathed a sigh of relief after a sudden slowdown in inflation sent stocks higher and bond yields lower, boosting bets that the Federal Reserve is on track to continue cutting interest rates this year. Most read from Bloomberg Stocks erased their losses for 2025, with the…
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Unexpectedly low December CPI reading cuts 2024 inflation
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The Israeli CPI fell 0.3% in December, more than expected with analysts expecting a 0.1% decline, after the CPI rose 0.5% in October. In the twelve months of 2024, the inflation rate fell to 3.2%, from 3.4% at the end of November, according to figures released by the Central Statistics…
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Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading
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US stocks rose on Wednesday as high hopes for bank earnings paid off and an important update on consumer inflation showed that headline prices rose less than expected in December. The S&P 500 (^GSPC) rose more than 1.8%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%, or…
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Core CPI rises less than forecast as inflation pressures ease slightly in December
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new Data A report released by the Bureau of Labor Statistics on Wednesday showed that the main measure of inflation fell for the first time since July. On a “core” basis, which excludes the more volatile costs of food and gas, the CPI for December rose 0.2% from the previous…
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November CPI fell further than expected
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The Israeli CPI fell 0.4% in November, more than expected with analysts expecting a 0.2%-0.3% decline, after the CPI rose 0.5% in October. In the 12 months to the end of November 2024, the inflation rate fell to 3.4%, from 3.5% at the end of October, according to figures released…
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Big tech leads Nasdaq surge as CPI inflation meets the mark
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Consumer price increases met expectations in November – but overall, inflation remains hot. The sticky nature of printing is “a bit concerning,” Paul Ashworth, chief North America economist at Capital Economics, wrote on Wednesday. “But we don’t expect the Fed to be convinced to skip another 25 basis point rate…
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Dow, S&P 500, Nasdaq futures float higher as CPI inflation meets expectations
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U.S. stock futures rose on Wednesday as investors digested another month of sticky inflation data that met economists’ expectations and likely signaled a rate cut from the Federal Reserve next week. Dow Jones Industrial Average futures (YM=F) rose about 0.1% while S&P 500 futures (ES=F) rose about 0.3%. Futures on…
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Priced for perfection into CPI
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A look at the day ahead in European and global markets from Tom Westbrook Markets are heading towards the release of US inflation numbers, anticipating that they will not stand in the way of an interest rate cut next week. None of the economists polled by Reuters see the core…
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Priced for perfection into CPI
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A look at the day ahead in European and global markets from Tom Westbrook Markets are heading towards the release of US inflation numbers, anticipating that they will not stand in the way of an interest rate cut next week. None of the economists polled by Reuters see the core…
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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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FX Watch: AUD/USD And AUD/CAD To Make New Weekly Lows On Cooler AU CPI?
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Australia is about to print inflation data for the third quarter! Australian CPI Event Guide for Q3 2024 suggests we may see cooler price pressures compared to the previous quarter as commodity prices (but mostly oil) and average input costs eased while inflation expectations eased in the previous months. If…
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New Zealand CPI Fell to RBNZ’s Target Range in Q2 2024
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New Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% versus 0.7% in the second quarter of 2024, bringing the annual inflation reading down from 3.3% to 2.2% – within the central bank’s target range of 1-3%. This represents the slowest pace of increase in year-on-year price…
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CPI unexpectedly fell in September
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The Israeli Consumer Price Index (CPI) unexpectedly fell by 0.2% in September, while analysts expected it to remain unchanged. In the 12 months to the end of September 2024, the inflation rate fell slightly to 3.5% from 3.4% at the end of August, according to figures released by the Central…
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Asia FX advances, dollar little enthused by hot CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, while the dollar fell from two-month highs although hot consumer inflation data boosted bets on a smaller interest rate cut by the Federal Reserve. But most regional currencies suffered losses in recent sessions, as recent US data indicated that interest rates…
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U.S. CPI Came in Hotter Than Expected in September
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The September US CPI report reflects a slowdown in price pressures for the month, but annual headline and core inflation readings were still hotter than expected. The headline CPI rose another 0.2% on a monthly basis, slightly above the expected 0.1% rise, while the core CPI posted a monthly gain…
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Asia FX firms slightly, dollar steady as CPI data looms By Investing.com
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Investing.com — Most Asian currencies rose slightly on Thursday, recovering some of recent losses, while the dollar held near a seven-week high ahead of key consumer inflation data. Regional currencies suffered losses over the past week amid growing doubts about the pace of future interest rate cuts by the Federal…
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New stock records as storm passes and CPI due
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A look at the day ahead in the US and global markets from Mike Dolan With US stocks soaring to new highs and devastating Hurricane Milton now weakening as it passes over Florida, the variable US interest rate horizon is back in focus with a key September inflation update due…
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Dollar hits 10-week high vs yen as Fed easing bets ebb ahead of CPI By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a 10-week high against the yen on Thursday as markets grew more confident about the Federal Reserve’s patient approach to further monetary easing, even as a key inflation report was due later. today. The index, which measures the…
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US stock index futures flat with CPI data in focus By Investing.com
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Investing.com — U.S. stock index futures were slightly lower in overnight trade on Wednesday, as investors braced for key consumer inflation data likely to weigh on interest rate expectations. Futures settled after a positive session on Wall Street, with the Dow Jones hitting record highs after minutes from the Federal…