US Dollar Index retreats to 109.00 ahead of December CPI inflation – FXStreet
The US dollar's weekly losses increased for the third consecutive day. Traders are nervous about the upcoming US CPI release. The US dollar index (DXY) is testing 109.00 and could fall further on the possibility of a disinflationary CPI release. The US Dollar Index (DXY), which tracks the value of the US dollar against six […]
Forex Today: US Dollar bides time ahead of US CPI inflation test – FXStreet
Here's what you need to know on Wednesday, January 15th. Markets witness a typical cautious environment ahead of the release of the all-important December US Consumer Price Index (CPI) data, which will provide new insight into the US Federal Reserve's interest rate trajectory. There is. The US dollar (USD) continues to strengthen following a recent […]
UK inflation forecast to come in above Bank of England’s target again in December – business live | Business
main events Show only major events Please turn on JavaScript to use this feature Thames Water plans executive pay hikes to avoid bonus cap – FT Thames Water is reportedly threatening to increase the basic pay of its executives if the UK government goes ahead with plans to cap bonuses. Britain's biggest water company intends […]
What investors are saying about the first of two key inflation reports this week – CNBC
Finally, investors received economic data that supports the possibility of a rate cut by the Federal Reserve later this year. The producer price index, an indicator of wholesale prices, rose 0.2% in December. Economists polled by Dow Jones had expected a rise of 0.4%. The so-called core PPI, which excludes food and energy prices, was […]
Stock futures tick higher as traders await first of two key inflation readings this week: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on January 10, 2025 in New York City. new york stock exchange Stock futures rose on Tuesday after the producer price index, the first of two major inflation reports released this week, was lower than expected. futures tied to Dow Jones Industrial Average Increased […]
Egg inflation surges 8.5% in December as bird flu, demand strain supply
Egg prices are on the rise again, with experts warning that they are unlikely to ease until at least next year. Rapid increase in demand and decrease in supply due to the spread of avian influenza Egg prices rose 8.5% month-on-monthAccording to the Bureau of Labor Statistics. In California, local restaurant owners are struggling to […]
Gold (XAU) Silver (XAG) Daily Forecast: U.S. Inflation Data Looms, Pivot Levels Hold Strong – FX Empire
Friday's solid US non-farm payrolls (NFP) report strengthened expectations for a narrower rate cut, provided support for the US dollar (USD) and kept bond yields stable. As a result, gold faces limited upside, but remains attractive as a safe haven amid fluctuating economic indicators. Silver follows gold’s rise even as yields fall Silver (XAG/USD) mirrored […]
Inflation Expectations Surge, Pulling Down Consumer Sentiment, Casting Doubt on Fed Policy
U.S. consumers' inflation expectations soared in January, according to a new study from the University of Michigan, calling into question the Federal Reserve's decision to cut interest rates three times late last year. The survey results suggest that although consumers feel their personal financial situation has improved slightly, they are increasingly concerned about rising prices […]
Fed’s Waller sees cooler inflation despite higher forecasts
U.S. Federal Reserve President Christopher Waller responded to the central bank's forecast for rising prices and growing expectations among investors that the Fed may not cut rates significantly this year. , showed a redoubled stance on further interest rate cuts and curbing inflation. “We believe that inflation will continue to move toward our 2% target […]
Janet Yellen admits COVID spending may have contributed ‘little bit’ to inflation
Treasury Secretary Janet Yellen said in a CNBC interview Wednesday that the Biden administration's stimulus spending to keep the economy afloat during the coronavirus pandemic may have contributed slightly to inflation. Yellen said supply chain issues and shortages were the main factors driving up prices during the pandemic, but acknowledged that stimulus spending may have […]