All eyes on Bursa Malaysia as markets tumble over US inflation data
Hopes for Fed to cut interest rates have been dashed.
Source: themalaysianinsight.com
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Is Someone Cornering The Gold Market Using Options?
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Dollar Holds Strong as June Rate Cut Expectations Wane; ECB to be Non-Event
Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan's consumer survey results. Should today's PPI data reveal strong figures, followed by heightened consumer inflation expectations tomorrow, it could further delay the Fed's anticipated rate reduction timeline, thereby re...
Source: actionforex.com
Fed Rate Cuts: Best-Case Scenario in Tatters After Hot March Inflation
Not only are the number of rate cuts dwindling among bank forecasts, but Larry Summers warns the odds of another hike have risen after March CPI.
Source: businessinsider.com
GBP/USD Analysis Today 11/4: Breaking 1.25 Support (Chart)
Pound sterling dips to two-month low at 1.2520 against USD following strong US inflation data, reducing expectations of significant Fed rate cuts.
Source: dailyforex.com
Kiwi Rallies on RBNZ's Hawkish Hold; US CPI and BoC Next
New Zealand Dollar rises broadly in Asian session following RBNZ's decision to keep interest rates steady. The central bank's "limited tolerance" for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts are off the table until the central bank is confidence that inflation would sustainably return to the target band. This is clear indication of priority over inflation control, even amidst a slowing economy. However, strength of Kiwi remains measu...
Source: actionforex.com
Stock market today: Dow plunges 470 points as US stocks tumble on hot inflation report
None US stocks tumbled on Wednesday as traders took in hotter-than-expected inflation. • None Consumer prices rose 3.8% year-per-year in March, higher than…
Source: biztoc.com
Surveying The Post-CPI Market Carnage...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Inflation Report: Dow Plunges 470 Points, Stocks Tumble on Hot CPI
The odds of a June Fed rate cut have been completely wiped off of the table, according to the CME FedWatch tool.
Source: businessinsider.com
Some Fed officials worry inflation remains stubbornly high, minutes show
Federal Reserve officials said during their March policymaking meeting that inflation will likely continue to slow this year, according to minutes released Wednesday, but some still fretted over the possibility that inflation could remain stubbornly high.
Source: cnn.com