Inflation Heated Up In October, Highest Monthly Rate Since April
US inflation continued to push prices up in October, marking the highest monthly rate of increase since April. The Consumer Price Index rose 0.2% in October, in line with the previous month, the Labor Department said Wednesday. The unrounded price rose 0.244%, marking the first time since April that the unrounded figure has exceeded 2%. […]
Unbanked Rate Among US Households Declines to Record Low – PYMNTS.com
The proportion of U.S. households without a bank account will fall to an all-time low in 2023. At 4.2% of U.S. households, or 5.6 million households, the share of households without a bank or credit union account was the lowest since 1999. Federal Deposit Insurance Corporation (FDIC) begins biennial publication National Survey of Unbanked and […]
Pound Sterling slumps as UK unemployment rate jumps to 4.3% – FXStreet
The pound sterling fell to nearly 1.2800 against the US dollar following the release of weak UK employment data. Britain's unemployment rate jumped to 4.3% and average incomes rose faster than expected in the three months to September. Investors are waiting for US inflation data to guide new interest rates. The pound fell against its […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]
Gold prices steady near $2,700 as markets digest Fed rate cut, Trump 2.0 – Investing.com
Investing.com — Gold prices fell in Asian trading on Friday, as markets digested the effects of Donald Trump's second term as president, even as the dollar weakened following a Federal Reserve interest rate cut. Despite this, I felt little sense of security. The yellow metal took a hit this week as the dollar soared following […]
EUR/USD grapples with 1.08 after Fed deals out another interest rate cut – FXStreet
EUR/USD pared gains on Thursday after the Federal Reserve met market expectations for further interest rate cuts. As most investors expected, the Fed cut its key policy rate by 25 basis points. Market participants are now focused on whether the Fed will cut rates one more time in 2024. On Thursday, EUR/USD pared its gains […]
Fed set to announce latest interest rate move in wake of Trump’s election win
FOX Business host Larry Kudlow spoke on the Democracy 2024 Committee about the Federal Reserve's failures in the economy, especially for middle-income workers. of federal reserve system On Thursday, it is expected to announce its next policy direction on interest rates, following the election and a flood of economic data. Federal Open Market Committee (FOMC) […]
Donald Trump’s election win could mean fewer Fed rate cuts
With President-elect Donald Trump's impending return to the White House, a slew of new policies adopted by Republican leaders to boost the economy are poised to stall or reverse the Fed's interest rate cuts. It seems to be moving in a gradual and shallow direction. Slowing inflation. U.S. central bankers remain widely expected to cut […]
October jobs report to arrive days ahead of Election Day, Fed’s rate cut decision
Vanlion Capital Management CEO Shana Cissell and Bullseye American Ingenuity Fund Portfolio Manager Adam Johnson discuss Meta and Alphabet's earnings and how a divided government will affect stocks. The Ministry of Labor is scheduled to release its report. job report Economic data for October will be released on Friday, the last major economic data ahead […]
Silver (XAG) Daily News: Industrial Demand and Rate Cuts Fuel 40% Yearly Surge – FX Empire
When interest rates fall, metals like silver become more attractive to investors because returns on bonds and savings accounts fall. Rising industrial demand and green technology boost silver prices A key driver behind silver's recent rally is its increasing role in green technology, particularly solar energy. Silver is essential to a variety of industries, is […]