Page 40 - Raphael Bostic News Today

Wall Street closed flat again last night ahead of tonight's critical CPI release. S&P500 up 0.1%. (Available for non-subscribers after 10am)

Explore our GBP/USD Forex signal Today: Rally slows before US inflation report. Sell target at 1.2600, stop-loss 1.2750; buy-stop at 1.2700, take-profit 1.2765.

Atlanta Fed President Raphael Bostic recently highlighted the possibility that rate cuts May have "to move further out" given that the US eocnomy economy has been "so robust, and so strong, and so resilient".

Australian shares edged higher as did futures for the Hong Kong equity benchmark. Japanese stocks declined, with trading in the region likely to be muted by holidays in countries including Singapore.

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...

As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank's 2% target, evidence their policies were curbing a still too-hot economy. Since then, those downward sloping lines have reversed in an economy that continues to grow above trend, produce enough jobs to keep unemployment at what many think is an unsustainably low level, and have pushe...

U.S. stock index futures edged higher on Wednesday in the lead up to a crucial inflation reading that could influence the Federal Reserves monetary policy path this year. Investors have...

Euro zone government bond yields edged down on Wednesday ahead of U.S. inflation data due later in the session, which could shape the Federal Reserve policy path and affect financial conditions across...

Indian shares may struggle to find footing on Wednesday as investors await directional cues from U.S. consumer and producer price inflation data, the release of FOMC meeting minutes and the ECB's policy announcement.

About 10 minutes into trading, the Dow Jones Industrial Average was down 1.2 percent at 38,404.60.