British Pound rises following unexpected surge in UK inflation figures
Following the release of the UK’s July CPI report, the pound has strengthened against its counterparts. Both the overall and core CPI in the UK showed an increase of 3.8% year-on-year. Market participants are now anticipating the UK Flash PMI for August, along with Powell’s address at the Jackson Hole Symposium. The pound sterling (GBP) […]
Forex Today: Pound Sterling gains support from rising inflation, focused on FOMC Minutes
Here’s what’s happening on Wednesday, August 20th: The pound is maintaining its ground after a couple of days of decline, as market participants examine the UK’s inflation figures from July. Later in the US trading session, the Federal Reserve is set to release the minutes from its meetings on July 29th to 30th. Additionally, several […]
RBNZ prepares to resume interest rate reductions as New Zealand’s inflation decreases
The Reserve Bank of New Zealand plans to lower its key interest rate to 3% on Wednesday. Attention is on the RBNZ’s OCR forecast and remarks from Governor Hawksby. The New Zealand dollar is reacting strongly to announcements from the RBNZ. The Reserve Bank of New Zealand (RBNZ) is anticipated to reduce its official cash […]
GBP/USD maintains position around 1.3500 as ceasefire optimism balances Fed and UK inflation concerns
The GBP/USD is recovering from earlier losses, with increasing optimism regarding a potential resolution to the war, as discussions between Trump and Zelensky in Moscow seem possible. Fed’s Bowman continues to foresee three interest rate cuts by 2025, underlining a focus on employment while inflation cools down. The UK’s July CPI is anticipated to be […]
Forex Today: Focus on US housing statistics and Canada’s inflation report
Market Overview for August 19th Here’s what you need to know for Tuesday, August 19th: In the financial markets, trading activity remained subdued early on Tuesday, following a quiet start to the week. Later, attention will shift to home building permits data from July, a significant item on the US economic calendar. Investors are also […]
Trump’s push for mass deportations could raise inflation to 4% next year
Concerns Over Immigration Crackdown and Inflation Economists are raising alarms about the potential inflationary effects of President Trump’s strict immigration policies, predicting that such measures could push inflation rates up to 4% as the labor market tightens. The Trump administration has taken significant steps to secure the U.S.-Mexico border and cites an estimate of around […]
2026 Social Security COLA forecast increases to 2.7% amid inflation concerns
The official announcement of the cost-of-living adjustment (COLA) is still two months away, but recent inflation data from July has led experts to converge on similar predictions. More retirees are now reliant on social security for their income. In a recent Gallup poll, 62% of retirees indicated that Social Security serves as their main income […]
The danger that’s near: July inflation figures have economists worried
The market just wrapped up a week where the hotter-than-expected inflation figures barely raised eyebrows, yet a few economists caution that there’s more to the story than investors might be acknowledging. In July, the producer price index (PPI) hit three-year peaks, largely fueled by inflation in the services sector. A similar pattern was evident in […]
GBP/USD ends its winning run following strong US PPI inflation data
GBP/USD decreased on Thursday, influenced by a rise in demand for the US dollar. US PPI inflation spiked in July, leading to a flight towards dollar safety. The market has adjusted its expectations for multiple Federal Reserve rate cuts by the year’s end. On Thursday, GBP/USD pulled back due to increasing US inflation data, which […]
Cryptocurrency Values Drop Following Unexpected Inflation News
Cryptocurrency Prices Dive After Inflation Data The largest cryptocurrency experienced a significant decline on Thursday, following the release of inflation data that showed wholesale prices increasing more than anticipated. According to CoinmarketCap, Bitcoin’s value has decreased ($117,900), Ethereum declined by 4% ($4,535), and Ripple fell by 6.1% ($3.07). This drop aligns with the July Producer […]