Category: CPI
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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…
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Forexlive Americas FX news wrap 9 Oct: Dollar, yields and stocks move higher ahead of CPI
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The Reserve Bank of New Zealand cut interest rates by 50 basis points causing the New Zealand dollar to fall against all major currencies. The largest decline was against the US dollar by -1.32%, and the US dollar was the strongest among the major currencies today: US CPI data will…
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US dollar edges up to two month highs as Fed, CPI eyed By Reuters
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Written by Alden Bentley NEW YORK/LONDON (Reuters) – The U.S. dollar rose on Wednesday ahead of the release of records of the Federal Reserve’s decision in September to cut interest rates by 50 basis points, reflecting confidence that the central bank will not continue to ease aggressively. Concerns about demand…
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Forexlive European FX news wrap: Tight ranges as we await the US CPI
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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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US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core
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This information comes via eFX. **** summary: Bank of America expects a modest rise in both the headline and core CPI for September, suggesting flat core inflation with no immediate cause for concern. Key points: CPI Outlook: Bank of America expects a 0.1% MoM increase in the headline CPI and…
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Dollar gains after Powell’s speech; euro slips ahead of CPI release By Investing.com
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Investing.com – The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell played down the possibility of another big interest rate cut, while the euro fell ahead of the latest euro zone inflation data. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a…
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Newsquawk Week Ahead: US NFP, ISMs, EZ CPI, Japan Tankan & OPEC+ JMMC
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Monday: China NBS and Composite PMI (September), Caixin PMIs (September), Japanese Retail Sales (August), German Retail Sales (June), UK GDP (Q2), Swiss KOF (September), German CPI (September), UK Mortgage/Lending Approvals (August), US Dallas Fed (September), New Zealand NZIER (Q3); Canada vacation. Tuesday: Riksbank Minutes, Final EU/UK/US Manufacturing PMI (September), EZ…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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It’s a huge day coming up in Asia on Friday – Japan CPI, PBOC rate setting, BOJ meeting
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Japan’s national CPI data for August is due out on Friday. We got the Tokyo CPI data for August, which came in higher than July: Tokyo area inflation data for August: 2.6% y/y (2.2% previously) The Bank of Japan statement comes a few hours later. No change in interest rates…
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ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
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Headlines: Markets: NZD advances, USD lags during the day European stocks lower; S&P 500 futures up 0.1% US 10-year Treasury yields rise 2.8 basis points to 3.677% Gold rises 0.4% to $2,578.75 West Texas Intermediate crude fell 0.9% to $69.22. Bitcoin down 0.7% to $59,913 It’s all about the countdown…
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Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
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Canada released another batch of weaker-than-expected inflation numbers, with the core consumer price index slowing from 2.5% to 2.0% year-over-year in August — its lowest reading since February 2021. On a monthly basis, the headline CPI fell 0.2% versus consensus for a flat reading and a previous increase of 0.4%.…
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FX Watch: NZD/CAD To Extend Its Downtrend After Canada’s CPI Release?
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The New Zealand dollar had a very tough week last week, as concerns about growth in China, weaker-than-expected mid-level domestic data and general risk aversion highlighted the relative weakness of the commodity-linked currency in the foreign exchange space. Meanwhile, the Bank of Canada’s willingness to explore deeper rate cuts is…
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August CPI reading far above expectations
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Israel’s consumer price index rose 0.9% in August, well above analysts’ expectations of 0.5% to 0.6%. In the 12 months to the end of August 2024, the inflation rate rose to 3.6% from 3.2% at the end of July, according to figures released by the Central Bureau of Statistics today.…
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Newsquawk Week Ahead: FOMC, BoJ, BoE, US & UK Retail Sales, UK, Canada & Japan CPI
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Sat: China Activity Data (Aug) Mon: N/A Tue: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep) Wed: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Aug), Swedish Unemployment (Aug), South African…