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U.S. stock futures pointed to a positive open for Wall Street shares, while the dollar fell against other major currencies after data showed the U.S. consumer price index rose 5% — the smallest year-on-year gain since May 2021.
Markets are still betting on a May Fed rate hike despite slowing headline inflation rates and a simmering bank crisis. U.S. inflation slowed notably again in…
Concerns about rates weigh on major indices
* Weak U.S. data stokes slowdown fears * Market favors 25 bp rate hike at May Fed meeting * U.S. jobs data due Friday, when many markets on ... | Apr. 06
LONDON : The dollar trimmed its initial gains against major pairs in the course of Monday as investors focus on diverging central bank policy, with the impact of oil production cuts complicating the inflation outlook. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exp