Gold surpasses $4,000 for the first time as investors seek refuge from inflation and global instability.
Gold Reaches $4,000 Mark Amid Economic Concerns On Tuesday, gold prices surged to $4,000 an ounce for the first time, as investors flocked to precious metals amid ongoing inflation and a prolonged government shutdown, which has heightened geopolitical tensions. Gold futures briefly reached $4,005.80 before settling just under that benchmark early Tuesday. This year, gold […]
Chicago Fed leader worried that tariffs may cause lasting inflation
Concerns Over Inflation from Chicago Fed President On Tuesday, Austan Ghoolsby, President of the Federal Reserve Bank of Chicago, expressed concerns regarding rising inflation and the uncertainty of whether recent tariff-related price increases are temporary or could lead to more lasting challenges for policymakers. Speaking at the Midwest Agricultural Conference, Ghoolsby noted the recent spike […]
What is the timing of Eurozone Prelim HICP inflation and how might it influence EUR/USD?
Eurozone Inflation Update Official data from EuroStat released on Wednesday indicated a rise in the Harmonized Index of Consumer Prices (HICP), which saw an annual increase of 2.2% in September, compared to a 2% rise in August. The market had anticipated a reading of 2.2%. Core HICP also grew, hitting 2.3% year-on-year in September, up […]
Today’s FX Update: Attention turns to inflation in Europe and US ADP, ISM figures
US Dollar Pressured Amid Uncertainty Anxiety regarding possible government shutdowns in the US has placed the dollar under pressure on Tuesday, continuing a trend of recent weakness in the currency. This instability is being compounded by expectations of the Federal Reserve potentially lowering interest rates. Highlights for Wednesday, October 1st: The US Dollar Index (DXY) […]
Euro stays strong as Germany prepares for inflation report.
On Monday, the Euro (EUR) gained against the US dollar (USD), with the Euro/USD pair climbing 0.3% to about 1.1740. Investors are now looking ahead to the Preliminary German inflation numbers set to be released on Tuesday at 12:00 GMT for September. Traders are being a bit cautious, as they understand that the inflation data […]
Am I Eligible for an Inflation Refund Check? Important Information to Consider
New York Begins Sending Inflation Refund Checks For the first time, over 8 million households in New York will receive inflation rebate checks. On Friday, September 26, Gov. Kathy Hochul announced that these checks, amounting up to $400, have been sent to 8.2 million households throughout the state. The distribution is expected to continue into […]
Market Update: Stocks rise following PCE inflation and Consumer Sentiment reports meeting expectations
Market Updates for September 26, 2025 Happy Friday! It’s September 26th, and the stock market today is showing some positive movement. The Standard & Poor’s 500 index rose by 0.6%, bringing it to 6,644. Similarly, the Nasdaq Composite climbed 0.4% to reach 22,484, while the Dow Jones Industrial Average gained 308 points, or 0.7%, putting […]
New tariffs, Trump’s TikTok agreement, inflation information and more in Morning Squawk
Here are five key points investors should be aware of as they begin trading today: 1. New tariffs from Trump President Donald Trump announced new tariffs on medicines, heavy trucks, kitchen cabinets, and upholstered furniture set to take effect on October 1st. He stated on Truth Social that brands or patented drugs entering the U.S. […]
Core Inflation Decreased in August Due to Increased Spending and Wage Growth
Core Inflation Slows in August Core inflation saw a slowdown in August, according to a report released by the Federal Reserve, which indicates that tariffs introduced by President Trump haven’t significantly impacted household prices in the U.S. The personal consumption price index increased by 0.3% compared to the previous month, rising from a 0.2% bump […]
Main Measure of Inflation Increased Nearly As Anticipated In August
Federal Reserve Metrics on Inflation The US Bureau of Economic Analysis (BEA) announced on Friday that inflation rose by 0.3% in August, up from July’s 0.2% increase. The Personal Consumption Expenditures (PCE) price index, which gauges the value of various goods and services, climbed 2.7% year-on-year last month. Meanwhile, the Core PCE, which omits food […]