(Bloomberg) Asian equities were mixed before US inflation data for August that may give a better guide on the future path for Federal Reserve interest rates. Oil traded near a 10-month high amid strains in global supplies.Most Read from BloombergApple’s iPhone 15 Debut Includes Higher Price on Top ModelApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishBP CEO Looney Quits Over Past Relationships With ColleaguesThe Mighty American Consumer Is About to Hit a Wall, Investors SayTrud
The U.S. dollar fell against its most major rivals in the European session on Monday, as investors await U.S. inflation data that could influence the Federal Reserve's interest rate path for the rest of the year.
Mild price weakness in Gold after as-expected U S inflation data kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
The September CPI report, assessing inflation for August will be released on September 13. The Fed will be watching shelter and services price trends closely.
Stocks fell Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year.While rate hikes have dampened steep price rises from a four-decade high of 9.1 percent in June last year to three percent now observers warned officials would find it harder to get inflation back down to its two percent target.