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WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month. Compared […]
Persistent price rises by U.S. service sector businesses have underscored the stickiness of inflation and pushed back expectations for interest rate reductions in 2024, jeopardising hopes for a successful soft landing. Traders now expect overnight interest rates to decline by 75 basis points before the end of the year, with the first cut not until May or probably June, after prices rose faster than expected in data published on February 13. Traders had anticipated rates to fall as much as 150 basis points, with the first cut coming in March, as recently as a month ago, when expectations for ...
The EUR/USD pair remained under selling pressure throughout the week, extending its slide to a fresh 2024 low of 1.0722 on Monday.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Australian Dollar (AUD) attempts to retrace its recent losses on Tuesday.