Futures turn negative after hot PPI data douses rate-cut bets – Yahoo Finance
Medha Singh and Ankika Biswas (Reuters) – Wall Street got off to a subdued start on Friday as investors digested mixed earnings from big banks, while a slightly better-than-expected producer price index helped temper expectations that the Federal Reserve will start easing interest rates in September. JPMorgan Chase & Co.’s second-quarter profit rose on higher […]
PPI Inflation Hitting 11-Month High ‘Tempers’ Worries, ‘Inflation Has Been Coming Down’
On Bloomberg’s Thursday broadcast of “Balance of Power,” Heather Boushey, a member of the White House Council of Economic Advisers, said March PPI inflation data: It marked the highest level in almost a year., “allayed” concerns following the CPI report, asserting that “this economy continues to serve the American people,” adding, “It’s clear that we’ve […]
CPI, PPI, & Ethereum Dencun Upgrade: What To Expect From Crypto Market This Week? – CoinGape
Cryptocurrency markets are gearing up for an important week ahead, featuring key events that could shape investor sentiment and market trajectory. Bitcoin has recently hit all-time highs, and expectations are rising as important inflation data and various developments emerge. From Federal Reserve announcements to blockchain upgrades, these events are poised to influence market trends in […]
Forexlive Americas FX news wrap: The FX market was unconvinced by the PPI report – ForexLive
market: Gold rises $9 to $2013 US 10-year bond yield rose 4.3bps to 4.28% WTI crude oil rose $1.20 to $79.23 S&P500 falls 0.5% NZD leads, JPY lags The closely watched PPI reading initially appeared to be the start of something similar to the CPI earlier this week, albeit on a smaller scale. Initially, the […]