Category: Inflation
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Dow, S&P 500, Nasdaq futures hit pause in countdown to consumer inflation data
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US stock futures were halted on Tuesday as investors moved cautiously on the eve of a closely watched consumer price inflation report that is seen as key to the path of interest rates. Dow Jones Industrial Average ( ) and S&P 500 ( ) futures are hovering around the flat…
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Dow, S&P 500, Nasdaq futures hit pause in countdown to consumer inflation data
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US stock futures were halted on Tuesday as investors moved cautiously on the eve of a closely watched consumer price inflation report that is seen as key to the path of interest rates. Dow Jones Industrial Average ( ) and S&P 500 ( ) futures are hovering around the flat…
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China inflation eyed, global political uncertainty bubbling up
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. Attention turns to China on Monday and the release of November inflation data, with global investors broadly optimistic as a sustained rally on Wall Street continues but is tempered by an increasingly volatile geopolitical backdrop.…
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Average wage keeps ahead of inflation
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The average gross monthly wage for Israeli employees increased by 6.7% to reach 13,309 shekels in October 2024 compared to October 2023. The average gross monthly wage of Israeli employees increased by 6.7% to reach 13,309 shekels in October 2024 compared to October 2023, according to a preliminary estimate by…
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Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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Stubborn US Inflation Set to Reinforce Fed’s Go-Slow Approach
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Breadcrumb links BMN Business Next week’s US inflation figures showing stubborn price pressures will reinforce the Fed’s cautionary stance towards future interest rate cuts. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on November 23, 2024 • 6 minute read You can save this article by registering for…
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Stubborn US Inflation Set to Reinforce Fed’s Go-Slow Approach
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Breadcrumb links BMN Business Next week’s US inflation figures showing stubborn price pressures will reinforce the Fed’s cautionary stance towards future interest rate cuts. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on November 23, 2024 • 6 minute read You can save this article by registering for…
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UK inflation rises to 2.3% in October on higher energy costs
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UK inflation rose to a six-month high in October, exceeding the Bank of England’s 2% target, driven primarily by rising household energy bills. The Office for National Statistics (ONS) reported that the annual CPI rose to 2.3% last month, up from 1.7% in September – the highest rate since April.…
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UK Inflation Climbs More Than Forecast to 2.3% on Energy
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Breadcrumb links BMN Business UK inflation accelerated more than expected in October to far exceed the Bank of England’s 2% target, a rebound that investors saw as further dimming the odds of further interest rate cuts in the coming months. Article writer: Bloomberg News Tom Rees and Irina Angel Posted…
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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
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US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
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IMF’s Gita Gopinath discusses inflation and Trump’s election
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Good morning! South Dakota Governor Kristi Noem will take over as Secretary of Homeland Security, 23andMe is cutting 40% of its workforce, and the International Monetary Fund’s Gita Gopinath sees the much-discussed disconnect between the US economy and the way people feel about it. -Econ 101. Inflation has been a…
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IMF’s Gita Gopinath discusses inflation and Trump’s election
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Good morning! South Dakota Governor Kristi Noem will take over as Secretary of Homeland Security, 23andMe is cutting 40% of its workforce, and the International Monetary Fund’s Gita Gopinath sees the much-discussed disconnect between the US economy and the way people feel about it. -Econ 101. Inflation has been a…
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Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap
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(Bloomberg) — Stocks traded mixed ahead of key U.S. inflation data on Wednesday as concerns grow that President-elect Donald Trump’s proposed tariffs and his picks for key positions could spark a resumption of price growth. Most read from Bloomberg The Stoxx 600 index recorded small movements in the European open…
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Week Ahead in FX (Nov. 11 – 15): U.S. Inflation And Global Jobs Data To Take Center Stage
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Get ready for another action-packed trading week, Forex friends! Important data this week includes US inflation reports, the labor market from the UK and Australia, and China data that could shake market sentiment. But before all that, make sure you are aware of the global market movements and key currency…
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US Inflation Progress Gets Harder in Last Mile Down
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Breadcrumb Trail Links PMN Business US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target. Author of the article: Bloomberg News Molly Smith and Craig Stirling Published Nov 09, 2024 • 7 minute read…
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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…