Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
Dow futures move higher after index breaks four-day winning run: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange. New York Stock Exchange Futures linked to the Dow Jones Industrial Average The gains came Thursday morning after stock indexes ended a four-day winning streak. Dow Futures It rose 135 points, or 0.32%, S&P 500 Futures It rose 0.77%. Nasdaq 100 Futures It increased […]
Australian Dollar pares gains following the Monthly Consumer Price Index – FXStreet
The Australian dollar is holding firm on the back of new Chinese economic stimulus measures. Australia's monthly consumer price index rose 2.7% year-on-year in August, below the expected 2.8% increase and the previous 3.5% increase. The People's Bank of China's Gongsheng Bank said it would cut the reserve requirement rate by 50 basis points and […]
Australian Dollar maintains position ahead of Michigan Consumer Sentiment Index – FXStreet
The AUD/USD pair is rising as US data strengthens the likelihood of an aggressive Fed rate cut next week. The U.S. producer price index rose more than expected due to rising services costs. The Fed is expected to cut interest rates by 25 basis points at its September meeting. AUD/USD rose for a third consecutive […]
Inflation Picked Up Again in August, Producer Price Index Shows
A key measure of U.S. inflation showed prices rising faster in August than the previous month, with prices of services rising sharply while prices of goods remained steady. The Producer Price Index (PPI), a measure of final demand, rose 0.2% from the previous month, beating the expected 0.1% increase, although the previous month's figure was […]
Consumer Price Index eases, but core inflation rises unexpectedly
A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]
Scottie Scheffler reveals eye-popping handicap index he uses when not playing PGA Tour events
Atlanta — Official USGA HandicapNow you can pit your index against the best players in the world. Ahead of this week's Tour Championship, where he starts two strokes behind, Scottie Scheffler revealed he has an astonishing plus-seven index. For those who don't know what that means, Scheffler has to return seven strokes to the course […]
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 […]
Inflation unexpectedly rose to 2.7% in June in producer price index
Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected. […]
Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K – Cointelegraph
The Crypto Fear and Greed Index, a gauge that tracks market sentiment towards Bitcoin and cryptocurrencies, fell to “extreme fear,” its lowest level since January 2023. The Crypto Fear and Greed Index fell to “Extreme Fear” for the first time in 18 months. Source: Alternative.me The sharp drop came as the price of Bitcoin (BTC) […]