Category: Inflation
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…
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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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US inflation data is due this week – here are 14 investment bank forecasts
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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 stock futures muted as rate uncertainty builds; inflation awaited By Investing.com
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Investing.com — U.S. stock index futures were lower in overnight trading Monday after a bumper jobs report raised doubts about the Federal Reserve’s plans to cut interest rates sharply. These uncertainties have been heightened by the anticipation of key inflation data due later in the week, with any signs of…
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ECB will probably cut rates in Oct on risk of too low inflation: Villeroy By Reuters
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FRANKFURT (Reuters) – The European Central Bank will likely cut interest rates on October 17 as economic growth weakens and that raises the risk that inflation will fall below its 2% target, French central bank President Francois Villeroy de Galhau told an Italian newspaper. The European Central Bank has cut…
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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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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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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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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 Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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US Inflation Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report
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This article is also available in Spanish. According to the latest Binance Research report, the issuance rate of Ethereum (ETH) continued to rise in September 2024, raising concerns about the digital asset’s claim to “ultrasound money.” Ethereum’s issuance rate continues to rise In October 2024 Monthly Market Insights a reportBinance…
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Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey
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Andrew Bailey, Governor of the Bank of England, has indicated that the bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he warned that escalating tensions in the Middle East could lead to a sharp rise in oil prices, which would complicate…
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South Korean Inflation Eases to 1.6% in September; BOK May Ease in October Meeting
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Full story via EMW on PiQ Suite South Korea’s CPI inflation rate fell to 1.6% year-on-year in September due to lower transportation prices Core CPI rose 1.8% y/y compared to 1.9% y/y in August Fresh food prices stabilize at a low growth of 3% year-on-year The CPI reading increases the…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…
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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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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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Asia FX firms as dollar steadies before Powell, inflation cues By Investing.com
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Most Asian currencies rose on Thursday while the dollar held steady ahead of further signals on interest rates, particularly from Federal Reserve Chairman Jerome Powell’s speech later in the day. The Chinese yuan extended gains after hitting a 16-month high as traders took comfort from Beijing’s stimulus measures earlier this…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
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Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…