Tag: PCE inflation
U.S. Dollar Slips Before Key Data as Yen Jumps on Intervention...
Major foreign exchange currencies strengthened on Tuesday as the U.S. dollar softened ahead of several key economic data releases. The Japanese yen led gains...
Wall St Futures Hold Steady After Gains as Fed Meeting Nears
U.S. stock futures were largely unchanged on Sunday evening after major indexes posted their second consecutive weekly gain. Investors have now shifted their focus...
U.S. Stocks Jump After Soft PCE Data Fuels Fed Rate Cut...
U.S. stocks moved higher on Friday after a mild inflation reading strengthened expectations that the Federal Reserve could cut interest rates next week.
By 10:15...
Inflation Nudges Higher: September PCE Data Reveals Fresh Rise
The U.S. Commerce Department reported on Friday that the delayed Personal Consumption Expenditures (PCE) price index rose slightly to 2.8% in the 12 months...
European Markets End Mixed After Crucial U.S. Inflation Data
European stocks ended Friday with a mixed performance. Early optimism faded as investors waited for the delayed release of the Federal Reserve’s preferred inflation...
Asia FX Steady as Fed Cut Bets Hold; Rupee Sets New...
Most Asian currencies held steady on Thursday after posting modest gains overnight. Traders continued to price in the possibility of a Federal Reserve rate...
Gold Slips as Traders Focus on Fed Cut and PCE Data
Gold prices slipped in Asian trading on Thursday. The decline came as some traders took profits, even though confidence grew that the Federal Reserve...
Wall Street Climbs as CME Trading Resumes After Major Outage
U.S. stock markets opened higher on Friday after an outage on CME Group’s trading platforms halted futures activity for several hours.
By 09:32 ET (14:32...
Bitcoin Jumps to $88K as Rate-Cut Hopes Lift Markets
Bitcoin moved higher on Tuesday, extending its recovery from recent losses. Renewed confidence in a potential December interest rate cut by the U.S. Federal...
Gold Rallies as Markets Bet on a December Rate Cut
Gold prices moved higher in Asian trading on Tuesday, building on strong gains from the previous session. Traders increased their expectations that the U.S....
