Page 5 - May Fed News Today

Food price inflation contributed 2.4 percentage points to the annual rate of 7.1%

The US economy is not slowing quickly enough to stop the Federal Reserve from raising rates next month and lifted expectations of another rate rise in Australia.

Wall Street surged back last night in lower than expected PPI numbers. Dow up 383. (Available for non-subscribers after 10am)

The Swiss Franc keeps on strengthening driving the USDCHF lower

The Bank of Canada (BoC) is widely expected to stand pat on its interest rates decision this Wednesday at 14:00 GMT. The Canadian central bank is like

U.S. stock futures pointed to a positive open for Wall Street shares, while the dollar fell against other major currencies after data showed the U.S. consumer price index rose 5% — the smallest year-on-year gain since May 2021.

Markets are still betting on a May Fed rate hike despite slowing headline inflation rates and a simmering bank crisis. U.S. inflation slowed notably again in…

Concerns about rates weigh on major indices

* Weak U.S. data stokes slowdown fears * Market favors 25 bp rate hike at May Fed meeting * U.S. jobs data due Friday, when many markets on ... | Apr. 06

LONDON : The dollar trimmed its initial gains against major pairs in the course of Monday as investors focus on diverging central bank policy, with the impact of oil production cuts complicating the inflation outlook. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exp