November inflation increase won’t derail Fed interest rate cuts
Robust inflation numbers in November show the Fed still has work to do. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.7% in November, slightly higher than the previous month's annual inflation rate of 2.6%. Published by the Bureau of Labor Statistics (BLS). Inflation rose 0.3% on a monthly […]
Inflation ticks higher as Fed eyes another rate cut
Inflation rose slightly in November, but likely not enough to derail the Federal Reserve's plans for further interest rate cuts, according to figures released Wednesday by the Labor Department. Consumer prices rose 0.3% in November and rose 2.7% over the past 12 months, according to new Consumer Price Index (CPI) data released on Wednesday. Monthly […]
Millennials rely on credit cards at record rate during 2024 holiday season: study
Millennials are relying on credit cards more than ever as they head into the most economically challenging holiday season ever, new data shows. Millennials are using credit cards for the majority of their holiday spending (70% to 80%) and increasing since 2020, according to a three-year analysis of 2,000 American Millennials There is a trend. […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
US stock futures flat as markets weigh rate outlook, Syria tensions – Investing.com
Investing.com — U.S. stock index futures on Sunday night as investors awaited this week's key inflation data for further clues on interest rates, while heightened geopolitical tensions in Syria also focused on The market hardly moved. Futures were firm after Wall Street indexes hit record highs on Friday, but a better-than-expected nonfarm jobs report did […]
Forexlive Americas FX news wrap: Rate cut odds ramp up after US and Canadian jobs data – ForexLive
Market movements: WTI crude oil fell $1.20 to $67.10. US 10-year bond yield fell 2.9bps to 4.15% Bitcoin rises by $2,544 to $101,540 Gold rises $1 to $2,633 S&P500 rose 0.2% Japanese yen leads, Australian dollar lags This week's theme has been that it's difficult to connect market movements with economic news and data, and […]
The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts at the end of the year
227,000 jobs were added to the economy in November. (iStock ) In November, the number of employees increased more than initially expected. Nonfarm employment increased by 227,000 people, and the unemployment rate rose slightly to 4.2%. Published by the U.S. Bureau of Labor Statistics.. Healthcare, services, and government industries were the main drivers of employment […]
Gold stalls intraday recovery as traders await US NFP report for Fed rate cut cues – FXStreet
Gold prices have been steadily recovering from Friday's lows in more than a week. Softer risk tone, geopolitical risks and trade war concerns are benefiting safe-haven commodities. We are betting on a non-dovish Fed cap to move higher on XAU/USD ahead of the important US NFP report. Gold prices (XAU/USD) have struggled to capitalize on […]
Dengue Fever Hits Texas Border Region, Highest Infection Rate in Two Decades, Say Health Officials
EAGLE PASS, Texas — Dengue fever cases are increasing along the Texas-Mexico border, with infection rates in the Lone Star State reaching levels not seen in more than two decades. Mexico has also seen an increase in hospitalizations and deaths due to complications from the virus. Despite the proximity of Mexico and Texas border cities, […]
Revisited: The chilling policy to cut Greenland’s high birth rate – podcast | Greenland
this episode Originally aired on Friday, April 19, 2024 bra larsen She was 14 years old when one day she and a friend were asked to go to the hospital. Bra lived in Greenland and was an Inuit like most of the inhabitants of the island, which is an autonomous territory of Denmark. At the […]