Pound Australian Dollar (GBP/AUD) Exchange Rate Dented Following Upbeat Aus Data
Pound Australian Dollar (GBP/AUD) Exchange Rate Dented following Upbeat Aus Data
Source: exchangerates.org.uk
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CPI Report Bummer: Scorching Inflation Ruins Fed's Rate Cut Party. Get Ready for Higher Rates.
The March CPI report came in hotter than expected on Wednesday, igniting concerns that the Fed may not cut rates until after the summer.
Source: investorplace.com
Wall Street heads into week ahead on edge, bracing for earnings, data
How corporate America is handling sticky inflation, as well as the prospect of higher interest rates for longer, will be top of mind for investors.
Source: cnbc.com
With interest rates expected higher for longer, what to do with cash
The latest inflation reports have pushed back expectations for a Federal Reserve rate cut. That's good news for savers.
Source: cnbc.com
Hot Inflation Dims Prospects for Summer Rate Cuts
A leading measure of inflation was higher than expected in March, as the consumer price index rose by 3.5% on a year-over-year basis. The March report from the Labor Department, released Wednesday, marked the third month in a row that inflation topped exceeded expectations, fueling concerns that pricing pressure in the U.S. economy is getting sticky and could remain a problem longer than analysts had hoped. On a monthly basis, prices rose 0.4% in March, higher than expectations of a 0.3% increas
Source: yahoo.com