[ad_1] US stocks fell on Thursday following the release of a higher-than-expected wholesale inflation figure. The data served as one of the latest pieces of information that could influence the Federal Reserve at its monetary policy meeting next week. The S&P 500 (^GSPC) fell 0.2% while the Dow Jones Industrial Average (^DJI) fell 0.2%. The … Read more
[ad_1] India’s benchmark inflation figure, as measured by the Consumer Price Index (CPI), remained stable between January and February. The headline retail inflation figure was 5.09% in February compared to the 5.1% figure in January 2024. The CPI figures for January and February, read with the recent reduction of $100 in LPG cylinder prices (this … Read more
[ad_1] Federal Reserve Chairman Jerome Powell has been anguished by rising inflation for more than two years. And despite having had some success in controlling consumer price increases that reached a four-decade high above 9% in June 2022, the Federal Reserve chair reiterated in Congress testimony this week that continued progress is “not assured.” But … Read more
[ad_1] (Bloomberg) — U.S. stock futures fell as investors prepared for a release of the Federal Reserve’s key inflation metric, which will help identify the path forward for interest rates. Bitcoin’s rally surpassed $63,000. Bloomberg’s Most Read Contracts for the S&P 500 and the tech-heavy Nasdaq 100 fell about 0.3%. European stocks fluctuated during another … Read more
[ad_1] The Federal Reserve may have a housing problem. At the very least, you have a real estate conundrum. Headline inflation has decreased substantially over the past year. But housing has proven to be a tenacious and surprising exception. Housing costs rose 6 percent in January from a year ago and rose more rapidly on … Read more
[ad_1] Traders work at the New York Stock Exchange (NYSE) in New York City on July 20, 2023. Brendan McDermid | Reuters U.S. stock futures were little changed on Sunday as investors eagerly awaited the Federal Reserve’s latest preferred inflation reading as well as a series of important earnings reports. Futures tied to the Dow … Read more
[ad_1] Market week ahead: US indices, Gold Recoup losses after US Inflation Fears Inflation in the United States remains sticky at both the producer and consumer levels, but US indices appear to be ignoring these price pressures and remain near recent multi-year highs. This week’s US inflation releases helped push US Treasury yields and the … Read more
[ad_1] Carlos Gasparino Business By Carlos Gasparino Published February 17, 2024, 4:04 pm ET Wall Street Fed watchers believe Jerome Powell will cut interest rates at least twice this year despite signs of persistent inflation. REUTERS Federal Reserve Chairman Jerome Powell is not known for his determination. It’s the main reason the emerging new consensus … Read more
[ad_1] Wall Street is about to rebound after a surprising Hot US inflation data sent shares tumbling this week. S&P 500 futures rose 0.5% before the bell and Dow Jones Industrial Average futures gained 0.3%. With little market-moving economic data due on Wednesday, attention is once again focused on corporate earnings. Lyft shares surged 62% … Read more
[ad_1] USD/JPY OUTLOOK United States higher than expected inflation The figures push US Treasury yields higher, boosting the American dollar in all fields USD/JPY surpasses the 150.00 mark, reaching its highest level in almost three months This article examines the key technical thresholds to consider in upcoming trading sessions. Most read: US Dollar Jumps on … Read more