New estimates for Social Security COLA emerge following updated inflation figures
Cheryl Casson has reviewed the Consumer Price Index (CPI) inflation report for July, and it seems to meet expectations. He noted that both energy and gasoline prices are declining, coinciding with rising stock futures and new economic data coming from the Labor Department. Social Security recipients might see a higher cost-of-living adjustment (COLA) in 2027 […]
July Sees Further Drop in Inflation as Prices for Prescription Drugs, Gasoline, and Groceries Decrease
Consumer Prices Show Gradual Increase After June Decline The Consumer Price Index (CPI) saw a slight increase of 0.1% in July, following a drop earlier in June, according to the Labor Department. Year-over-year, this marks a 3.4% rise in consumer prices. This uptick aligns with what experts anticipated. In June, the CPI rose by 3.5% […]
Neel Kashkari believes the Federal Reserve should increase interest rates to combat inflation promptly.
Fed’s Interest Rate Discussion Heats Up During a recent conversation with Maria Bartiromo, Wall Street Journal’s chief economics correspondent, Nick Timiraos, addressed the Federal Reserve’s inflation forecast. He mentioned three significant wildcards that could influence the situation: tariffs, fluctuating energy prices, and a substantial boom in AI investments. On Wednesday, Neel Kashkari, the President of […]
Bitcoin remains close to $64,000 as U.S. inflation data approaches, Harmony incident unsettles altcoins.
Cryptocurrency Market Summary Cryptocurrency markets were relatively stable on Wednesday as traders processed some recent developments and anticipated the U.S. inflation report, which could influence risk assets significantly. Harmony, a layer 1 blockchain network built for decentralized finance (DeFi) applications, confirmed it was compromised in the early hours in Asia. An attacker managed to mint […]
Euro reduces losses against the British Pound after strong German inflation figures
The euro (EUR) gained some ground against the British pound (GBP) after hitting lows earlier this week. This came as higher inflation figures from Germany provided some support, even as anxieties rose in the Middle East. Currently, EUR/GBP is above 0.8540 but has pulled back from last week’s peak of over 0.8580, keeping a bearish […]
Stock futures remain mostly steady before Wednesday’s major inflation report: Live updates
Stock Futures Steady as Traders Await Inflation Report U.S. stock futures remained relatively stable on Tuesday evening as investors prepared for an important inflation report that could shape the future of interest rates. The Dow Jones Industrial Average futures ticked up by 26 points, equating to a 0.05% increase. Meanwhile, S&P 500 futures and Nasdaq […]
Beth Hammack states that several rate increases are necessary to combat US inflation.
Analysis on July Jobs Report and Interest Rate Hikes Former Federal Reserve Chairman Stephen Millan discussed the July jobs report on “Maria Bartiromo’s Wall Street,” expressing concerns that central banks might be limiting the labor market. Cleveland Fed President Beth Hammack mentioned on Monday that multiple interest rate increases will likely be necessary to prevent […]
Australian Dollar rises even with slowing domestic inflation and a firm Fed stance.
The AUD/USD pair saw a slight increase after declining for two consecutive days, now trading near 0.6960 during Asian hours on Thursday. However, it could experience downward pressure as the US dollar (USD) may gain strength following the Federal Reserve’s pause on rate hikes. During its July policy meeting, the Fed chose to maintain interest […]
Dow drops 1,150 points amid inflation concerns following Fed interest rate decision
On Wednesday, stocks dropped significantly due to inflation worries after the Federal Reserve opted to keep interest rates steady. Meanwhile, oil prices surged nearly 6% amid fears of a prolonged conflict involving Iran. The Dow Jones Industrial Average declined by 1,150 points, translating to a 2.2% decrease. The S&P 500 and Nasdaq followed suit, falling […]
Japanese Yen remains steady close to multi-decade low following CPI inflation figures.
Market Update on USD/JPY and Japanese Economic Indicators During early trading on Friday in Asia, the USD/JPY exchange rate remained steady around 163.90. However, the Japanese yen is currently near its lowest points against the US dollar in decades. Traders are awaiting the preliminary data for the US S&P Global Purchasing Managers’ Index (PMI), set […]