US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]
Trump hopes US ‘obliterates Iran’ if he’s assassinated by the American adversary
Former President Donald Trump has said that if America’s enemies were to assassinate him, they should wipe out Iran. Trump, 78, has made it clear he wants fierce retaliation. Authentic Social Posts On Thursday, he posted footage of Israeli Prime Minister Benjamin Netanyahu discussing the Islamic Republic’s assassination threats in a speech to parliament. “There’s […]
Katie Ledecky speaks out on China swimming doping scandal, hopes for ‘clean’ Olympics
Twenty-three Chinese swimmers have been allowed to compete in the 2021 Tokyo Olympics despite testing positive for the banned substance trimetazidine, used as a heart medication. But the World Anti-Doping Agency said the athletes’ positive tests were the result of “accidental exposure to the substance through contamination”, a claim initially made by the China Doping […]
Hopes and fears of a nation: Paris holds its breath as Olympic action begins | Paris Olympic Games 2024
circleWhen the spectacular Olympic opening ceremony in Paris city center gets underway on Friday night, with boats carrying athletes sailing side-by-side down the Seine in a formation not seen since the time of Louis XV, more than France’s global image is at stake. President Emmanuel Macron, who has promised the Olympics will “light up the […]
Gold (XAU) Daily Forecast: Nears $2400 as Fed Rate Cut Hopes Influence Prices – FX Empire
Moreover, U.S. President Joe Biden’s withdrawal from the 2024 presidential race raises hopes that Donald Trump will become the next president and create a more relaxed regulatory environment. Gold prices rise on weaker US dollar and major economic data The US dollar has generally lost momentum and is weakening due to a dovish outlook for […]
Hundreds Of Migrants Begin Trek Toward US In Hopes Of Crossing Border Before November Election
Hundreds of migrants from multiple countries have formed a caravan in southern Mexico in an attempt to reach the U.S. border before a possible second Trump administration, the Associated Press reported Monday. The migrants, who are from more than a dozen countries, departed from Ciudad Hidalgo in southern Mexico, right next to the Guatemala border, […]
Kamala Harris congratulates JD Vance, hopes ‘that the two can meet’ at VP debate
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Trump rally speaker who tended to murdered attendee hopes ‘horrific’ event will unite nation
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Democrat Senator Hopes Assassination Attempt Will Lead to Gun Control
Tennessee Sen. London Lamar (Democrat) said she hopes the assassination attempt on former President Trump will motivate Republicans to support gun control. Lamar didn’t mention that the would-be assassin was likely killed by good people with guns. She posted on X: “Trump said it’s OK, but will he consider sensible gun control? Gun violence is […]
Inflation’s Surge Dims Biden Election Hopes
Inflation also rises Yesterday, still Risk of rising inflation Despite two months of weaker than expected reports, we did not expect our view to be confirmed the next day. But that is exactly what is happening today. Producer Price Index The Bureau of Labor Statistics’ Producer Price Index (PPI) report shows that final demand rose […]