USD/JPY tumbles over 1% as US core inflation cools – FXStreet
USD/JPY falls sharply as US consumer inflation data shows core inflation slowing. The yen appreciates due to the Bank of Japan governor's hawkish remarks. US 10-year bond yields fell 12bps. Upcoming Fed speeches and US economic data will be key to the further direction of the market. USD/JPY fell more than 1% in early trade […]
Inflation speeds up, ends 2024 at 2.9 percent
Inflation accelerated in December as the US economy showed unexpected signs of strength at the end of 2024. The Consumer Price Index (CPI) rose 0.4% in the final month of 2024 and rose 2.9% at the end of the year, according to data released by the Labor Department on Wednesday. Economists had expected annual inflation […]
US inflation ticks up again — dimming prospects for significant Fed cuts this year
U.S. consumer prices showed no signs of cooling in December on the back of rising prices for energy products, indicating that inflation remains high, a sign that the Federal Reserve expects fewer interest rate cuts this year. This is consistent with the Board's outlook. The Consumer Price Index rose 0.4% last month, after rising 0.3% […]
Inflation rises 2.9% in December, in line with expectations
Kudlow panelists John Carney and Brian Bremberg discuss job growth and the Fed's actions. Inflation rose again in December as persistently high prices continued to weigh on consumers' finances ahead of the Federal Reserve's next interest rate decision. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the prices […]
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 […]