Page 45 - Thomas Barkin News Today

Overall consumer price inflation on a 12-month basis rose to 3.4% in December from 3.1% the month before. But excluding volatile food and energy costs the pace of price increases fell to 3.9% from 4%, showing ongoing moderation in underlying price pressures.

Asian shares were subdued on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected US inflation data did not dent investors' views on early and aggressive rate cuts in the US and Europe. The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2% level.

SYDNEY (Reuters) -Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe. The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2% ...

European stocks may open a tad higher on Friday as investors react to mixed economic data from China and await earnings from large U.S. banks later in the day for direction.

RICHMOND: US Federal Reserve (Fed) officials took little fresh signal from consumer price data published on Thursday ((Jan 11) as they gauge whether i...

SYDNEY :Asian shares were subdued on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe. The rally in rates may have been helped by dovis

Richmond Fed President Thomas Barkin told reporters after a speech overnight that the December CPI report was "about as expected. He noted a deceleration in the price rise for goods, while shelter and services costs continue to escalate at a more robust pace.

Asian stocks ended mostly lower on Friday as strong U.S. inflation data dented hopes of an early cut in interest rates and oil prices jumped amid signs of an escalating conflict in the Red Sea region.

Dollar's fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than expected inflation readings, with markets still pricing in more than 70% chance on Fed cutting interest rate in March.

Slightly hotter U.S. inflation data fails to shift investors’ view that interest rates could soon start to fall