Futures inch higher as traders raise bets on bigger Fed rate cut By Reuters – Investing.com
By Shashwat Chauhan and Purvi Agarwal (Reuters) – U.S. stock index futures edged higher on Friday as investors reassessed the chances of a bigger interest rate cut by the Federal Reserve next week, while shares of aircraft maker Boeing (NYSE:) fell after factory workers went on strike. Traders' expectations of a 50 basis point cut […]
Pound Sterling jumps to near 1.3150 as Fed large rate cut bets soar – FXStreet
The pound rose to nearly 1.3150 against the US dollar as traders strengthened their bet that the Fed will cut interest rates by 50 basis points when it meets next week. The slowdown in the U.S. Producer Price Index (PPI) for August has led to expectations of a big rate cut from the Fed. Investors […]
Twins cut prospect Derek Bender after he tipped pitches to opponents
A Twins minor leaguer who was to be selected in the 2024 MLB Draft was released after it was discovered he had been leaking pitches to opposing teams. Catcher Derek Bender was released from the Twins' Fort Myers Mighty Muscles, a Single-A affiliate of the Florida State Basketball Association, after it was discovered he had […]
Dollar weak as traders add to wagers of big rate cut from Fed By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar weakened and the euro and yen rose on Friday as investors remained nervous ahead of a central bank interest rate cut next week, with focus on the Federal Reserve and the size of the expected cut. The Fed is almost certain to cut interest rates next week, but […]
Gold price surges to record highs above $2,550 as Fed rate cut expectations mount – FXStreet
Gold hit a new record high after U.S. jobless claims and producer inflation data backed up a possible Fed interest rate cut. The US Dollar Index (DXY) fell 0.29% and Treasury yields rose, with the 10-year Treasury note at 3.689%. The CME FedWatch tool indicates there is an 85% chance that the Fed will cut […]
Gold prices rise, keep record highs in sight amid bets on smaller rate cut – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, remaining near record highs as traders bet the metal will still benefit from a low interest rate environment. But expectations of a big rate cut from the Federal Reserve have plummeted after August core CPI inflation data came in better than expected. Traders were likely […]
Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut – Investing.com
Investing.com — Most Asian currencies were in a flat to lower range on Thursday, while the dollar strengthened, after a strong U.S. consumer price index dashed hopes that the Federal Reserve would make a bigger interest rate cut. Weak Japanese inflation data weighed on the yen, sending it further down from an eight-month high, but […]
Forex Today: US CPI cooled hopes for a Fed’s 50 bps rate cut – FXStreet
Things to watch out for on Thursday, September 12: Financial markets turned risk averse after the U.S. released its August Consumer Price Index (CPI). The Bureau of Labor Statistics reported that the annual CPI rose 2.5% year-on-year, slowing from the previous 2.9%. The core annual figure also came in at 3.2%, in line with July's […]
Justin Timberlake expected to cut plea deal in DWI case: DA
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Dow drops over 600 points as inflation data dashes hopes for big Fed rate cut
Wall Street's main stock indexes fell on Wednesday after the latest inflation reading beat expectations of further interest rate cuts from the Federal Reserve, while Democrat Kamala Harris' chances of winning the presidential election rose following the televised debate. In recent trading, the Dow Jones Industrial Average fell 635 points, or 1.6%, to 40,102. The […]