Page 50 - Inflation Data News Today

(Bloomberg) -- Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.Most Read from BloombergFed’s Preferred Inflation Metric Cools While Spending ReboundsTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineApple Plans New iPad Pro for May as Production Ramps Up OverseasBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseSBF&#x...

Stock market today: Sensex surges 1000 points, Nifty tops 22,400 mark. Whats driving the rally?

Federal Reserve governor Chris Waller said Wednesday there is "no rush" to cut interest rates after hotter inflation data in the first two months of the year.

Pound to US Dollar Rate Dulled by Quiet Foreign Exchange Markets

Asian equities steady as investors await economic data. Chinas currency gains, US futures stable. Treasuries, bond yields show little change. Premier addresses economy concerns. Yen strengthens, dollar weakens. Global inflation data monitored.

Coming up: the latest PCE reading on inflation, consumer sentiment and housing data, and earnings from GameStop, Walgreens and Carnival.

You may end up sorely disappointed with your upcoming raise.

For the past few months investors have been drawn to the pound's higher yield, boosted by expectations that persistent inflation will compel the Bank of England to keep interest rates higher for longer despite a sluggish economy. Markets are pricing in August as the starting point for rate cuts from the BOE, while the European Central Bank and the U.S. Federal Reserve are expected to move in June. European bourses are due for a strong open, futures indicated, with the pan-European STOXX 6...

Indian benchmark equity indices traded higher ahead of U.S. CPI inflation data. BSE Sensex and Nifty50 continued to trade higher. TCS, Infosys, Tech Mahindra, and HCL Tech rose, while ITC, SBI, NTPC, Bajaj Finance, and Bajaj Finserv traded with cuts. Aditya Birla Capital shares rose over 6% after announcing a merger with Aditya Birla Finance.

Fears of a stock market crash are swirling ahead of the long-anticipated February CPI report, due tomorrow, March 12.