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Stock Market Today: Stocks Fall After September CPI Report

Thursday's hotter-than-expected inflation update sent Treasury yields spiking and stocks tumbling. Stocks were choppy for most of Thursday's session as investors mulled over the latest inflation data. However, the main benchmarks took a sharp turn lower in afternoon trading as Treasury yields spiked. Ahead of the open, data from the Bureau of Labor Statistics showed that the September Consumer Price Index (CPI) was up 0.4% month-over-month and 3.7% year-over-year. While these figures w...
United Kingdom South Africa Bill Adams Bureau Of Labor Statistics Comerica Bank European Union
Source: yahoo.com

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Yen breaks above 145/$ level in choppy trading, dollar firm

The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. Japan's low yields have made the currency an easy target for short-sellers and funding trades, with the widening gap in the interest rates between Japan and the United States leading to persistent weakness in the yen. The yen has fallen around 20% sinc...
United States Ankur Banerjee Shri Navaratnam Federal Reserve Pepperstone Head Of Research Chris Weston Research Chris
Source: yahoo.com

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say. A quirk in year-over-year comparisons caused headline inflation to accelerate for the first time in more than a year in July, but the underlying data once again showed that the pace of rising prices continues to ease, the Consumer Price Index (CPI) revealed Wednesday.The July inflation reading, which was largely in line with expectations, bolsters the case for the Federal Rese
United States David Russell Jerome Powell David Beckworth Greg Wilensky Phillip Colmar
Source: yahoo.com

Dalal Street Week Ahead: RBI policy, foreign investors and other factors that will keep D-St simmering

The Reserve Bank of India is likely to stay put in the June monetary policy on the back of a lower inflation print in April and a higher-than-expected Gross Domestic Product growth rate in the January-March quarter, economists said
United States Aditi Nayar Kunal Shah Rahul Ghose Technical Analyst At Gemstone Equity Research Head Of Retail Research

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