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 […]
Harris and Biden’s legacy? Inflation, debt, and a leaderless nation
Two realities plague our nation right now, and both will be worse if Donald Trump is defeated in November. Reality 1: The United States does not have a president or vice president. Joe Biden and Kamala Harris hold the titles of president and vice president and have offices in the White House, and their titles […]
Tim Walz Stumped By Question on Inflation; Repeats Lie About Trump ‘Sales Tax’
Democratic vice presidential nominee, Minnesota Gov. Tim Walz, was stumped Tuesday when a reporter asked him to explain what he and Vice President Kamala Harris would do to help families in financial difficulty. in Interview In an interview with WMAZ, a local CBS affiliate in Macon, Georgia, Walz began by saying that he and Harris […]
Argentina: President Milei Vows To Protect The Country’s ‘Fiscal Balance’ As Inflation Rates Stabilize
Argentine President Javier Milley waves at the podium during the Argentine Rural Association Expo in Buenos Aires on July 28, 2024. (Photo by MARCOS BRINDICCI/AFP via Getty Images) By Blake Wolf, OAN StaffMonday, September 16, 2024 2:21 PM Argentina's Liberal President Javier Milley stuck to his 2025 budget commitments during a presentation to Congress on […]
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
Inflation is slowing and the Fed is likely to cut interest rates in September. (iStock) Annual inflation continued to rise slowly in August toward the 2% target rate set by the Federal Reserve. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Prices rose 2.5% year-on-year in August, […]
Inflation Picked Up Again in August, Producer Price Index Shows
A key measure of U.S. inflation showed prices rising faster in August than the previous month, with prices of services rising sharply while prices of goods remained steady. The Producer Price Index (PPI), a measure of final demand, rose 0.2% from the previous month, beating the expected 0.1% increase, although the previous month's figure was […]
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
U.S. holiday sales are expected to grow at the slowest pace since 2018 amid concerns that persistent inflation will wipe out consumer savings, according to a new survey. Holiday retail sales are projected to grow 2.3% to 3.3% from November through January, totaling $1.6 trillion. According to Deloitte's annual holiday retail forecast. That's a far […]