Stocks Rise Ahead of US CPI Data; Pound Weakens: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures were in a tight range ahead of the release of a consumer price index that could decide whether the Federal Reserve should start cutting interest rates next month. Most read articles on Bloomberg Europe’s Stoxx 600 index rose 0.4%, lifted after UBS Group AG reported better-than-expected second-quarter profit. Mining shares […]
Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]
Gold prices advance, rate cuts in focus as CPI data looms – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, helped by a decline in the dollar and Treasury yields on growing expectations of a U.S. interest rate cut ahead of the release of a key inflation reading. Gold edged higher this week, buoyed by reports that emerging market central banks are stockpiling the metal, […]
Gold Prices Forecast: Can CPI Data Ignite Rally to New Record High? – FX Empire
Future Catalysts Next week’s trading will likely depend on the Consumer Price Index (CPI) report for June. Economists expect the headline CPI to rise 0.2% and the core CPI to remain unchanged. A weaker-than-expected inflation reading could bolster expectations of a rate cut. Fed Chairman Powell’s two-day congressional testimony, which begins on Tuesday, will be […]
Inflation ticks slightly downward in May as CPI rose 3.3%
Inflation rose 3.3% last month from a year earlier, slightly lower than the 3.4% that analysts had expected. The consumer price index fell slightly from 3.4% in April. Core inflation, which excludes volatile food and energy prices, rose 0.2%, slightly less than expected. Dow futures surged before the open of Wall Street trading on Wednesday […]
Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields – Yahoo Finance
(Bloomberg) — The yen rose 1% overnight on Thursday, as traders bet the Federal Reserve will ease monetary policy this year on signs of easing U.S. inflation pressures. The gains expanded in Asian trading. Most Read Articles on Bloomberg Japan’s currency rose to the May 7 level of 154.32 yen to the dollar at around […]
April CPI breakdown: Where are prices still rising the fastest?
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation fell slightly in April, but rising rent and gas prices kept prices painfully high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the prices of daily […]
AUD/USD rises to two-day high ahead of Aussie CPI – FXStreet
The AUD/USD pair extended its gains following the disappointing US S&P global PMI, suggesting the possibility of Fed easing. The U.S. dollar has weakened as U.S. Treasury yields have fallen and stock markets have reacted positively to a possible change in Fed policy. Upcoming Australian CPI data may influence the Reserve Bank of Australia’s policy […]
soaring gold prices & latest CPI report mean for YOUR WALLET
The price of gold has increased significantly. In fact, we just hit an all-time high, but is this a good sign for the economy? Unfortunately, that’s not the case. When Glenn Beck spoke to a gold expert, he said: “Do you realize how crazy the world is when gold costs $3,000 an ounce?” At this […]