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A look at the day ahead in U.S. and global markets from Mike Dolan It may seem like an over-reaction to an inflation miss of less than a tenth of a percentage point, but...
It may seem like an over-reaction to an inflation miss of less than a tenth of a percentage point, but the heated March consumer price update has jolted markets into doubting any U.S. interest rate cut before the November election. After much trepidation ahead of the report, the monthly rise in U.S. CPI rise was 0.359% - rounded up to 0.4%, compared to the 0.3% forecast. To be sure, the narrative quickly focussed on stubborn rent rises and shelter inflation, spiky insurance costs and the third month in a row of a rounded 0.4% monthly gain in 'core' CPI inflation that kept annual co...
* CarMax drops after Q4 results miss * Rent a Runway surges amid AI frenzy * March producer prices at 2.1% YoY vs 2.2% est ...
Fed chairman Jerome Powell has said inflation is on a “bumpy” path back to the US central bank’s 2 per cent annual target. Read more at straitstimes.com.
The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen (JPY) movements.