EUR/USD falls sharply as high US PPI dampens expectations for large Fed rate cuts
Market Overview: EUR/USD Drops Post US Inflation Data After a notable rise in US producer price indices (PPIs) for July, EUR/USD decreased by 0.57%, landing at 1.1638. Inflation is impacted by tariff adjustments, while unemployment claims show a slight decline, pointing to a sturdy labor market. The market is beginning to discount a Federal Reserve […]
Harris’ backing of bail fund during George Floyd protests dampens Trump ‘prosecutor’ campaign pitch
Vice President Kamala Harris is working hard to prove she has the ability not only to defeat former President Donald Trump in the 2024 election, but also in court, even as the bail fund she once supported to help free violent offenders appears to still be soliciting donations. At a campaign event on Monday, Harris, […]
Hot US economy dampens hope for rate cuts
Economic data across multiple indicators is in the spotlight, showing the strength of the U.S. economy and the persistence of inflation in the last mile downhill to the Federal Reserve’s target rate of 2%. If the consumer price index (CPI) reaches an annual rate of 3.5% in March, there is a possibility that interest rates […]
Comer fundraising email dampens prospects of Biden impeachment, says ‘criminal referrals’ are goal
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Inflation dampens Biden campaign’s fundraising gloating, just as it threatens Biden’s re-election hopes
President Joe Biden's campaign has touted its recent fundraising numbers, but inflation has undermined the significance of those totals. campaign Said On Monday, the company announced it raised $97 million in the fourth quarter of 2023, ending the year with a whopping $117 million in cash. The latter figure is “the highest amount ever raised […]