Gold price advances further as inflation data affirms rate cut bets
All eyes are now on the upcoming producer price data due on Thursday for further clarity on Fed rate cut path.
Gold advances as inflation data fuels Fed rate cut optimism
Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week, while investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.
Inflation increased in November, complicating Fed's next rate decision
Inflation has fallen dramatically but remains above the Fed's target rate. Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it weighs an interest rate cut expected next week.
Inflation ticked up again in November. Will the Fed cut rates next week?
Inflation is moving in the wrong direction. U.S. inflation picked up for a second straight month in November on a rise in food and gasoline prices, underscoring that the final stretch of the Federal Reserve's two-year battle against sharply rising prices has become more challenging.
US inflation likely edged up last month, though not enough to deter another Fed rate cut
Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago
Inflation data paves way for more Fed rate cuts into next year, says CIO
Fresh inflation data sets the table for a Federal Reserve rate cut at its policy meeting next week and paves the way for more cuts next year. That's Whitney Watson, global co-head and co-chief investment officer of fixed income and liquidity solutions within Goldman Sachs Asset Management,
CPI Inflation report builds on case for December Fed interest rate cut
U.S. inflation ticked higher in November while core price pressures held at multiyear lows, potentially completing the picture for the Federal Reserve's end-of-year interest-rate decision next week. The Commerce Department said its headline Consumer Price Index for November was pegged at an annual rate of 2.
CPI Inflation Rises To 2.7% In November Ahead Of Expected Rate Cut
Inflation rose again in November, matching expectations from analysts in this year’s final report for rising consumer prices ahead of an expected rate cut. Consumer prices rose 2.7% from November 2023 to last month,
November CPI report: Inflation ticks up
The Consumer Price Index rose 2.7% in the 12 months through November — a bigger increase than the prior month — while the core measure that excludes energy and food prices rose 3.3%, the Labor Department said on Wednesday.
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US Consumer Sentiment Rises Along With Inflation Expectations
(Bloomberg) -- US consumer sentiment rose to the highest since April, while year-ahead inflation expectations picked up to a five-month high as Democrats saw a greater risk of price pressures ...
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US Consumer Sentiment Rises Less Than Forecast After Election
US consumer sentiment rose in November by less than previously reported, reflecting deep divisions among Republicans and Democrats about the path for the economy after Donald Trump’s ...
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US consumer sentiment ticks up, shows post-election partisan flip
Nov 22 (Reuters) - U.S. consumer sentiment ticked up for a fourth straight month in November, led by a big upswing in sentiment among Republicans following Donald Trump's victory in the ...
China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
Emerging-market currencies trimmed losses after inflation in the US came in line with expectations, solidifying bets the ...
GBP/USD Price Forecast: Advances amid positive sentiment, bull's eye 1.2800
The GBP/USD is printing a leg-up following the over 4% loss following the US Presidential Elections, which witnessed ...
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Oil settles down on weaker US consumer sentiment
NEW YORK: Oil futures prices settled slightly lower on Friday as investors weighed weaker US consumer sentiment against mounting hopes for a Federal Reserve rate cut in September. Brent crude ...
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Top US Consumer Watchdog Has a Plan to Fight Predatory Data Brokers
The CFPB’s idea of using existing US law to regulate data brokers is not novel. In February 2023, a group of consumer-focused ... "As technology advances, we surmise that it will be even easier ...
USD/JPY: USD to test 152.45 before the risk of a pullback increases – UOB Group
Scope for US Dollar (USD) to test 152.45 before the risk of a pullback increases. In the longer run, USD must break and hold ...
Consumer Sentiment Hits 7-Month High, But Inflation Fears Divide Democrats, Republicans
The University of Michigan’s closely watched Consumer Sentiment Index surged to a seven-month high in December, reflecting ...