Page 39 - Raphael Bostic News Today

A look at the day ahead in U.S. and global markets from Mike Dolan It may seem like an over-reaction to an inflation miss of less than a tenth of a percentage point, but...

Traders calmed down on Thursday after an unexpectedly hot inflation figure for March caused stocks to sell off on Wednesday.

It may seem like an over-reaction to an inflation miss of less than a tenth of a percentage point, but the heated March consumer price update has jolted markets into doubting any U.S. interest rate cut before the November election. After much trepidation ahead of the report, the monthly rise in U.S. CPI rise was 0.359% - rounded up to 0.4%, compared to the 0.3% forecast. To be sure, the narrative quickly focussed on stubborn rent rises and shelter inflation, spiky insurance costs and the third...

The US Dollar (USD) is having a knee jerk moment with traders winding back a touch their positions in the Greenback after the hot Consumer Price Index (CPI) release from Wednesday. Reason is the Producer Price Index final reading for March

The U.S. Federal Reserve could have fixed inflation a while ago but refused to do the hard work because the results could hurt Biden.

Traders calmed down on Thursday after an unexpectedly hot inflation figure for March caused stocks to sell off on Wednesday.

Stocks in Asia mostly pointed higher after US equities recovered and bonds climbed ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next steps.

Gold prices edged down on Wednesday, hovering below a record high, as investors looked out for minutes from the U.S. Federal Reserves policy meeting and crucial inflation data for cues on the timing... -April 09, 2024 at 09:26 pm EDT - MarketScreener

Equities mostly rose in Asia on Wednesday following a tepid day on Wall Street, with investors lasering in on the release of crucial US inflation data that could have a huge bearing on the outlook for interest rates.The central bank last month lifted interest rates for the first time since 2007 as inflation continues to hold well above officials' target, and speculation is growing about when it will move again.

Gold price today: Gold prices hit a record high in the previous session in international markets, supported by ongoing geopolitical tensions and renewed concerns over inflation.