Category: Inflation
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Stocks stride to record highs ahead of US inflation test
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By Tom Westbrook SINGAPORE (Reuters) – Stocks rose on Thursday as markets from Tokyo to New York hit record highs, as traders awaited U.S. data expected to show inflation is falling and pave the way for an interest rate cut in September. Bonds and the dollar remained steady, keeping the…
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US inflation to hog the spotlight in trading today
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US Consumer Price Index YoY (%) This will keep markets on tenterhooks until we get to the release later today. Headline annual inflation is forecast to slow to 3.1%. Meanwhile, core annual inflation is expected to remain at 3.4% – unchanged from May. Either way, the details will be as…
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Bank Korea drops phrase ‘upside risks to inflation forecasts have increased’ from statemt
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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…
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Asian stocks tread water amid mixed Chinese, Japanese inflation By Investing.com
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Investing.com — Most Asian stocks were rangebound on Wednesday as markets digested mixed inflation data from China and Japan, while the focus remained on when the Federal Reserve will start cutting interest rates. Regional stocks received moderate signals from Wall Street, with technology stocks seeing sharp gains and nearing new…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
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Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
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Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
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Fed’s Powell Testifies as Inflation, Hiring Cool
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Breadcrumbs Path Links PMN Business Jerome Powell is likely to tell lawmakers that Federal Reserve officials need more confirmation that inflation is slowing before they are in a position to cut interest rates, even as evidence mounts of weak growth and employment. Article author: Bloomberg News Red Beckert and Vince…
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SNB’s Jordan “relatively comfortable” with inflation
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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…
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The inflation scare is over: The pandemic was a perfect storm
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These ancient generals were elegant (AI image) I believe global central bankers are on the verge of making a mistake that will undermine growth. The generals are always fighting the last war, and central bankers will continue to fight the specter of inflation, even as it becomes increasingly clear that…
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‘Several’ Fed officials want more rate hikes if inflation persists, minutes show By Investing.com
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The Federal Open Market Committee released the minutes of its latest meeting, which highlighted that the vast majority of participants said that U.S. economic growth is gradually slowing. “The vast majority of participants considered that growth in economic activity appears to be gradually slowing, and most participants indicated that they…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…
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Dollar edges higher on Trump expectations; euro slips ahead of inflation data By Investing.com
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Investing.com – The U.S. dollar was slightly higher in early European trade on Tuesday, recovering from recent losses, while the euro fell ahead of key inflation data. At 04:30 ET (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at…
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ECB’s Lane: June inflation data seems in line with our assessment
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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…
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Jobs, inflation data may break the US Treasury market out of narrow range By Reuters
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By David Randall NEW YORK (Reuters) – A series of upcoming economic reports and testimony from Federal Reserve Chairman Jerome Powell before Congress could push U.S. government bonds out of a tight trading range. Yields on benchmark 10-year US Treasury bonds, which move inversely with bond prices, have risen between…
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US dollar slightly weaker on diminishing inflation By Reuters
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By Gertrude Chavez-Dreyfus NEW YORK (Reuters) – The U.S. dollar fell on Friday after data showed inflation in the world’s largest economy eased last month, boosting expectations that the Federal Reserve will start cutting interest rates this year. The dollar initially fell against the yen, which is the currency pair…
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Fed’s Bowman: We have strong employment but haven’t quite reached our inflation goal
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Dollar consolidates ahead of key inflation release; yen nears intervention By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday, giving up some of the previous session’s gains, while the Japanese yen fell into intervention territory. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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US futures rise with key inflation data on deck
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US stock futures rose on Friday ahead of the inflation reading that is key to Federal Reserve policy, as investors weigh signs of a slowdown in the US economy and digest the fallout from the debate between Biden and Trump. S&P 500 futures (ES=F) advanced about 0.4% after the index…
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Dollar rises on hawkish Fed talk; key inflation data looms By Investing.com
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The US dollar rose on Wednesday, supported by hawkish comments from Federal Reserve officials, while declining consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.480. Dovish Fed comments boost…