Category: Inflation
-
Cooler Core Inflation In Australia Reduced RBA Rate Hike Odds
•
Australian Bureau of Statistics data showed that inflation in Australia maintained its quarterly growth of 1.0% in the second quarter of 2024, which was driven by price increases in food, clothing, alcohol and tobacco products. On an annual basis, the pace of price increases accelerated from 3.6% to 3.8% in…
-
Here’s a forecast for a 25bp RBA rate hike next week – citing inflation not falling
•
ING Bank’s response to today’s inflation data from Australia: If you want a reason to keep rates unchanged at the August 6 meeting, today’s core numbers somewhat support the “let’s give the economy the benefit of the doubt” argument. The decision taken in August is certainly more balanced today than…
-
Australia Rate-Hike Debate Set to Crescendo With Inflation Data
•
Breadcrumbs Path Links PMN Business The debate over whether the Reserve Bank of Australia needs to tighten monetary policy late in the cycle is likely to be resolved with the release of quarterly inflation data this week – and the currency is set to be affected by the fallout. Article…
-
Dollar treads water after tame US inflation report, yen rally stalls By Reuters
•
By Alden Bentley NEW YORK (Reuters) – The dollar ended little changed on Friday, pressured by a drop in Treasury yields after a weak U.S. inflation report that investors said kept the door open for the Federal Reserve’s expected monetary policy easing in September. The Commerce Department’s personal consumption expenditures…
-
All eyes turn to the Fed’s preferred measure of inflation next
•
US Core PCE Price Index YoY (%) Broader markets are looking for a respite today, and if they are to continue, they will need the next major US inflation indicator to play its part. So far, risk trades are feeling some relief today after a tough week. But can they…
-
What would Trump 2.0 mean for inflation, energy policy and trade By Investing.com
•
With Donald Trump’s chances of a second term increasing in the wake of recent developments, his policy priorities are expected to have mixed effects on inflation, energy policy, trade, and other important issues. Inflation appears to be a key focus of a potential Trump administration. In his acceptance speech at…
-
US inflation (PCE) data due imminently – here is the critical range to watch
•
I posted this during the Asian time zone, and I’m repeating it here. Before I do that, check this out: — The core personal spending data is due at 0830 ET and is the focus of attention. You can see the median estimates below in the table. The ranges for…
-
US stocks set for rebound as investors wait for key inflation data
•
U.S. stocks rose before the bell on Friday, poised for another comeback attempt as investors await crucial inflation data that will test high expectations for interest rate cuts. Dow Jones Industrial Average futures rose 0.5%, or about 200 points, after the index closed slightly higher. S&P 500 futures rose about…
-
Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Sovereign investors see geopolitics, not inflation, as biggest worry
•
According to a report by Forbes, geopolitical factors and election uncertainty are the biggest concern for sovereign wealth managers. reconnaissance From investment firm Invesco, published Monday. More than 80% of managers said geopolitical tensions are the biggest short-term risk, and fragmentation and protectionism are the biggest long-term risk, according to…
-
Fed’s Daly sees inflation data improving, but says not at target yet
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Trump Plans Risk Spurring US Inflation That GOP Is Pledging to End
•
Breadcrumbs Path Links PMN Business Speaker after speaker at the Republican National Convention this week blamed the Biden administration for rising inflation. Article author: Bloomberg News Christopher Condon Published on July 17, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log…
-
Trump Plans Risk Spurring US Inflation That GOP Is Pledging to End
•
Breadcrumbs Path Links PMN Business Speaker after speaker at the Republican National Convention this week blamed the Biden administration for rising inflation. Article author: Bloomberg News Christopher Condon Published on July 17, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log…
-
Inflation data stays in focus in the session ahead
•
The UK release will be the key release to watch, especially as a BoE rate cut in August remains a close possibility. Headline annual inflation is forecast to ease to 1.9%, but core annual inflation is expected to hold steady at 3.5%. Services inflation is holding steady and policymakers will…
-
New Zealand’s Inflation Slowed In Q2 But Caused A Bullish Reaction For NZD
•
New Zealand just released inflation data for Q2 2024! The report showed consumer prices rose by 0.4%, which is less than the expected increase of 0.6%. In fact, it is the lowest reading since the second quarter of 2020! The annual reading of the Consumer Price Index also indicated a…
-
Inflation, deficit under Trump would be worse than under Biden, WSJ’s survey shows By Investing.com
•
According to a report in the Wall Street Journal this week, most economists expect inflation, deficits and interest rates to be higher under a second Trump administration than they would be if Biden remained in the White House. Citing its quarterly poll of forecasters conducted July 5-9, The Wall Street…
-
Bitcoin set to rise slightly on a weekly basis as retail inflation eases
•
CHENAPONG/iStock Editorial via Getty Images Bitcoin (BTC-USD) price is set to post a weekly decline. 2.7% increaseIn a week that saw retail inflation fall, while wholesale inflation came in higher than expected. The world’s oldest cryptocurrency has remained below the $60,000 level all week, but has been hovering around the…
-
Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…
-
RBNZ Announced “Dovish Hold” in Highlighting Weaker Domestic Inflation
•
The Reserve Bank of New Zealand left interest rates unchanged at 5.50% for the eighth straight month in July, as expected. Their official statement indicated that their restrictive monetary policy had succeeded in reducing price pressures enough to allow the committee to forecast a return to its annual inflation target…