Page 65 - Inflation Data News Today

(Bloomberg) -- Canadian business sentiment fell to its weakest level since the Covid recession of 2020, but inflation expectations of both firms and consumers remain high, Bank of Canada surveys show. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden Weighs Trip, Shekel Drops Past 4 Per DollarXi’s $1 Trillion ‘Project of the Century’ Gets...

A slew of corporate earnings will provide investors with a check on the health of corporate America in the week ahead.

The 30-year Treasury yield climbed as much as 18 basis points after the latest bond auction saw soft demand.

Pound Dollar Exchange Rate Risks Edging Back to 1.225

With the latest Consumer Price Index (CPI) showing inflation up 0.4% in September, opinions as to what the Federal Reserve might do at its next Federal Open Market Committee (FOMC) meeting on...

The dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data. The dollar index, which measures the U.S. currency against six rivals, was at 105.67, not far from 105.55, its lowest since Sept. it touched on Wednesday.

Trading was choppy on Wednesday with all the indexes starting off the session with gains before turning lower ahead of the minutes and then regaining lost ground to push higher.

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.Inflation at the consumer level has slowed sharply since peaking last summer but it remains elevated, while the economy is showing signs of continued resilience. 

Wall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.

Wall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.