EUR/USD pares losses as soft US PCE inflation weighs on US Dollar – FXStreet
EUR/USD reversed intraday losses after August US PCE inflation report was softer than expected. France's CPI preliminary figures (EU standards) and Spain's HICP in September were below 2% year-on-year. The ECB increased expectations for a rate cut in October after weaker-than-expected inflation data from France and Spain. EUR/USD recovered most of its intraday losses in […]
Inflation measure closely watched by the Fed fell to 2.2% in August
Brian Levitt, global market strategist at Invesco, said at Barron's Roundtable that inflation has returned to its comfort zone. Inflation measures closely watched by Fed policymakers continued to slow in August as the pace of price increases trended closer to the Fed's target. The Personal Consumption Expenditures (PCE) price index released by the Department of […]
Fed’s preferred inflation gauge rose 2.2% last month
Inflation showed signs of cooling further on Friday, as Wall Street began pricing in further interest rate cuts from the Federal Reserve. The Personal Consumption Expenditures Price Index (PCE), the Federal Reserve's preferred inflation measure, showed that prices for goods and services rose 2.2% last month, lower than the 2.3% year-over-year rate expected by economists. […]
USD/JPY sitting around its recent high circa 145.05 after the Tokyo inflation data – ForexLive
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Pennsylvania poll reveals tight presidential race, inflation a key concern
A new poll shows Vice President Harris holding a narrow lead over former President Trump in the battleground state of Pennsylvania. vote Monmouth University made the announcement Wednesday. The data showed that 40% of Keystone State voters said they would definitely vote for Harris, compared with 38% who said the same for Trump. Eight percent […]
Hispanic Business Owner Questions Why Kamala Harris Never Implemented ‘Great Ideas’ For Inflation, Economy
Hispanic business owners on Wednesday questioned Vice President Kamala Harris' economic policy proposals, saying her “past track record” in the Biden administration compares poorly to that of former President Donald Trump. Harris is expected to deliver a campaign speech in Pittsburgh, Pennsylvania on Wednesday in which she will detail the economic policies she will implement […]
Forexlive Americas FX news wrap 23 Sep: S&P Global PMI data mixed but with inflation – ForexLive
The US economic calendar was light with only the preliminary S&P Global PMI figure being released. The September 2024 S&P Global PMI data showed mixed performance across sectors. The U.S. services PMI came in at 55.4, slightly above the 55.2 expected but down from the previous month's two-year high of 55.7. However, the manufacturing PMI […]
Silver (XAG) Forecast: Will Inflation Concerns and Fed Policies Drive Silver Prices Higher? – FX Empire
Daily Silver (XAG/USD)Exchange traded fund (ETF) inflows, while not dramatic, supported the price movement. Meanwhile, demand from Asia remains weak as buyers remain reluctant. Technical indicators point to silver's next resistance levels at $31.76 and $32.52, and if momentum continues, it could rise towards $35.00. Geopolitical risks and a weak dollar continue to drive gains […]
Potential port strikes send ripple effects through supply chain, threaten inflation
Lydia Hu reports on “Mornings with Maria” about a possible port strike ahead of the holidays. The threat of port strikes on the East Coast and Gulf of Mexico is sending shockwaves through supply chains and raising concerns about rising inflation. “Goods shipped across the country will not only be delayed, but will also be […]
Gold News: Could Upcoming PCE Inflation Data Push Gold to New Highs? – FX Empire
Fed rate cuts fuel gold price gains The Fed's aggressive 50 basis point interest rate cut has reignited bullish sentiment towards gold. Traders had largely expected a 25 basis point cut, but a larger cut has changed expectations and reignited demand for safe haven assets. Moreover, the market is now expecting a further rate cut […]