Tag: Inflation data
UK Inflation Surges to 3% in January
In a bustling corner of London, Borough Market stands as a testament to the city's rich history and vibrant culture. This iconic retail food market, nestled in Southwark, has been a cornerstone of the...
Investors React to Trump’s Treasury Secretary Pick, Await Inflation Data: Treasury Yields Fall
U.S. Treasury yields fell on Monday as investors assessed President-elect Donald Trump's pick for Treasury secretary and awaited key inflation data later in the week. The 10-year Treasury yield dropped more than 14 basis...
Australian Dollar Strengthens after Positive PPI Data
The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by 4.8% Year-on-Year in the second quarter, surpassing the previous quarter’s...
Federal Reserve Meeting: Will Officials Signal Multiple Interest Rate Cuts in 2021?
The US Federal Reserve (Fed) is set to announce its monetary policy decisions after the July 30-31 policy meeting on Wednesday. Market expectations suggest that the Fed will maintain the policy rate at 5.25%-5.5%...
Mexican Peso Strengthens on Positive Inflation Data
The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation data released in June, with the country's Consumer Price Index...
US CPI Report Impact on Fed Policy: Will it Trigger a Pivot?
The latest US inflation data is set to be released this Thursday at 12:30 GMT, with expectations pointing towards a further decline in the headline Consumer Price Index (CPI) for the month of June....
French Elections Round Two, Powell Testimony, and US CPI Preview – Action Forex
Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from left-wing and centrist parties in the second round. The rise...
Tokyo CPI Impact on July BoJ Meeting – Action Forex
The Bank of Japan (BoJ) meeting minutes suggest that a rate hike in July is still on the table. Despite keeping interest rates unchanged in June, the BoJ indicated a willingness to potentially raise...
US PCE Inflation in Focus: Week Ahead Agenda – Action Forex
The focus next week will be on the core PCE inflation data in the US, which could confirm market expectations of two Fed rate cuts by the end of 2024. Despite the Fed's dot...
Federal Reserve Caution: Interest Rates Will Remain Steady Amid Cooling Inflation Data
The Federal Reserve has announced that interest rates will remain steady for the time being, despite recent cooling inflation data. The Fed is looking for more positive inflation data before considering any rate cuts....