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USD/INR remains weak, Indian WPI Inflation rose to 1.84% YoY in September – FXStreet

The Indian rupee rose in early European trading on Monday. India's wholesale price index (WPI) inflation rate rose to 1.84% year-on-year in September from 1.31% in August, but slower than expected at 1.90%. Rising oil prices and sustained outflows from domestic stocks could weigh on the Indian rupee. RBI intervention may help contain losses. The […]

September Inflation Falls Under 4% Threshold in Argentina in Major Win for Javier Milei

Argentina National Institute of Statistics and Census (INDEC) announced The country's inflation rate in September was 3.5%, it said on Thursday. The September result marks Argentina's lowest inflation rate since November 2021, the result of President Javier Millay's “shock therapy” economic measures, from 25.5% when he took office in December 2023. Steadily lowered inflation to […]

Wholesale prices unchanged in September

FOX News national correspondent Brian Jenas reported on “Evening Edit” how former President Trump is berating Vice President Kamala Harris on the economy. U.S. producer prices were unchanged in September, indicating the outlook for inflation remains positive and confirming expectations that the Federal Reserve will cut interest rates again next month. The Labor Department's Bureau […]

September CPI: What food items saw the largest price hikes and declines

Economist Steve Moore examines the U.S. economic outlook in “The Bottom Line.” American consumers continue to face challenges such as: rising inflation Although rising food prices continue to put pressure on household budgets, the pace of inflation is slowing. The Labor Department on Thursday released the Consumer Price Index (CPI) for September, a broad measure […]

What’s Next for the Fed After the September Blunder?

Will the Fed double down on September's failure? September's jobs report was a shock to the system and upended expectations about the Fed's next move. With 254,000 jobs added in September, well above the 140,000 expected, and the unemployment rate falling to 4.1 percent, one thing becomes clear. The labor market has not weakened significantly. […]

Which industries hired the most workers in September?

Kenny Porcari, chief market strategist at SlateStone Wealth, reacts to acting Labor Secretary Biden's comments on the jobs report and future Fed rate cuts. increase in employment It accelerated faster than economists expected in September, driven by particularly strong growth in the food and beverage industry, health care and government. Employers added 254,000 jobs in […]

American Economy Added 254,000 Jobs in September

U.S. employers added 254,000 workers in September, and the unemployment rate fell to 4.1%, the Labor Department said Friday. Economists had predicted 150,000 jobs and an unemployment rate of 4.2%. This number far exceeded even the most optimistic predictions. Some analysts had expected just 70,000 employees to be added to the payroll. In addition to […]