Page 58 - Inflation Data News Today

Gold Firms: Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expected US inflation data boosting the dollar and Treasury yields. Spot gold was up 0.5% at $2,038.19 per ounce at 0951 GMT, extending its run above the $2,000 level to nearly a month. US gold futures were up 1.2% to $2,042.90. A sudden widening of the war in Gaza is raising questions about how long stock markets can rally, and when central...

Federal Reserve Bank of Cleveland President Loretta Mester said it was premature to consider cutting interest rates as soon as the US central bank’s March meeting, emphasizing that fresh inflation data suggests policymakers have more work to do.

The slide in inflation that gathered pace at the end of 2023 has begun shifting attention at the U.S. Federal Reserve to the health of the job market, with officials increasingly attuned to the risks of keeping monetary policy too tight for too long and watching for evidence of stress in business hiring plans. The monitoring ranges from focused talks with local executives about whether layoffs are anticipated for the year, to a closer look at what industry employment patterns say about the heal...

MSCIs broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak.

WASHINGTON (Reuters) -U.S. consumer prices increased more than expected in December as Americans paid more for shelter and healthcare, suggesting that it was probably too early for the Federal Reserve to start cutting interest rates. Expectations for a rate cut in March were also tempered by other data on Thursday showing the labor market remaining tight at the turn of the year, with the number of people filing new claims for unemployment benefits unexpectedly falling last week. "Overall,...

(MENAFN - Baystreet) Inflation Beats Projections, Stocks Wilt Investors Brace for Inflation Report Dow Climbs Ahead of Inflation News Stocks Tick Higher Ahead of Inflation Data ... ...

Brazil's monthly inflation probably sped up in December on higher costs of farm products and airfares, but the annual rate should have remained close to the central bank's upper target, a Reuters poll showed. Overall, consumer prices in Latin America's No.1 economy behaved better in 2023 than previously thought, thanks to outstanding agricultural conditions, strict monetary policy, and some fiscal restraint efforts from the government. Brazil's IPCA inflation index is forec...

Investors are eyeing the CPI report to get a sense of what the Fed may do next as they weigh the odds of rate cuts as soon as March.

Gold futures failed to hold early gains and settled lower on Wednesday as traders lightened commitments ahead of key US inflation data..

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