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Those worries took on added urgency following Wednesday's robust consumer price data: futures markets now show investors expect rates to fall by just 40 basis points this year, compared to 150 basis points priced in at the start of 2024. ....
The US Federal Reserve officials discussed potentially loosening the monetary policy stance sometime this year as they expect inflation to move towards their 2 percent target. They emphasized the importance of gaining confidence in the economy s evolution and remaining committed to their inflation objective. ....
The producer price index for final demand dipped 0.1% last month, after a decline in the cost of goods, while prices for services were unchanged, increasing the chances of lower inflation in the months ahead. ....
Manav Modi says: "According to a recently released annual report, gold by the end of the year could test levels of $2,260 per troy ounce on the COMEX and Rs 69,000 per 10 gram on domestic bourses. For silver also, its demand as an industrial metal has increased in the past few years and hence any uptick in overall infrastructure or growth could benefit metals prices as well." ....