Page 14 - Alan Oster News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The financial markets are intently focused on the upcoming US CPI report, a key indicator that could influence Fed's next steps. Expectations are leaning towards a further slowdown in headline inflation to 3.3%, while the core inflation rate is projected to remain constant at 4.1%. However, there's a growing consensus among economists about the potential for upside risks in this data release, especially concerning goods and shelter inflation.

Investor sentiment is riding high in the wake of the latest US CPI report, with a notable surge in the DOW futures, climbing over 300 points, and a marked drop in 10-year yield, plunging from above 4.6% to below 4.5%. The report presented a picture of easing inflation, with both headline and core inflation rates falling short of market expectations. Significantly, core CPI has reached its lowest point in over two years. The weaker monthly price rise also bolsters the notion that disinflation is underway. This development could potentially revive Fed Chair Jerome Powell's "confidence&...

The Australian and New Zealand dollars steadied on Wednesday as gains on Wall Street underpinned global risk sentiment, while markets pondered the chances of more rate hikes in Australia. ... -November 07, 2023 at 07:21 pm EST - MarketScreener

RBA Governor shows she’ll fight to bring inflation down but is the Treasurer willing to join the battle?

NAB, Zippy Financial, and Finsure comment on the RBA decision