Cools

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his…

Pound Sterling (GBP/USD, GBP/JPY) AnalysisGBP/USD looks to retain hard-fought gains as USD holds firm2-year Gilt yields open slightly lower but remain around yesterday’s highGBP/JPY has ambitious target in sight ahead of Japanese CPI data…

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Saqib Iqbal Ahmed NEW YORK (Reuters) -The edged down on Friday, hitting a near five-month low as data…

Shares of after executives highlighted a weaker sales outlook for markets around the world and a major cost cutting initiative.Nike said it would cut jobs and expected sales to flag as consumer spending faltered. The damaging earnings…

News Inflation cools to 6.8 per cent as food prices fall Saturday December 02 2023 A customer picks packets of flour at Bidii Supermarket in Elburgon Town, Nakuru County on October 6, 2023. Inflation — a measure of the cost of…

US stocks climbed ahead of the bell Thursday, on track for their best month this year as investors continued to bet on interest-rate cuts after a key reading on consumer inflation.Dow Jones Industrial Average (^DJI) futures paced gains with…

OCTOBER US INFLATION KEY POINTS:October U.S. inflation clocks in at 0.0% month-over-month, bringing the 12-month reading to 3.2% from 3.7% previously, one-tenth of a percent below expectations in both casesCore CPI increases 0.2 % m-o-m and…

US PCE DATA KEY POINTS:August U.S. consumer spending advances 0.4% versus 0.4% expected.CorePCE, the Fed’s favorite inflation measure, climbs 0.1% month-on-month and 3.9% from a year earlier, in line with expectations down from a revised…

© Reuters. Investing.com-- Most Asian currencies moved little on Friday, but stemmed some recent losses as the dollar came off 10-month highs and Treasury yields stalled before key U.S. inflation data due later in the day. Regional…

© Reuters. Investing.com-- Most Asian currencies kept to a tight range on Monday, while the dollar fell slightly as mixed U.S. jobs data cemented bets that the Federal Reserve will keep rates steady this month, with focus now…