Investors are a bit on edge about inflation, but it’s not a full-blown panic. Inflation is alive and kicking. It’s evident everywhere from your $10 box of blueberries at the grocery store to the cancellation of tours by smaller indie artists because of high travel costs.
The U.S. economy witnessed a significant boost as the Nonfarm Payrolls, a key indicator of job creation, exceeded expectations. The actual number of people employed in...
- The US dollar has been in demand this week, with the recent streak of greenback weakness running out of steam. However, UBS cautions against going long the dollar...
Pro-growth currencies have struggled recently, but the upcoming economic data and central bank meetings are expected to curb further gains in the USD, UBS noted while providing...
According to BlockBeats, on October 4, the release of stronger-than-expected September non-farm payroll data led to a positive opening for the three major U.S. stock indices. The Dow Jones Industrial Average opened with a 0.56% increase, the S&P 500 index rose by 0.76%, and the Nasdaq Composite Index saw a 1.2% gain.
Headline U.S. consumer price growth accelerated in March, but growth in the underlying measure remained unchanged, which could further increase the uncertainty...
- The U.S. dollar slipped slightly Friday, falling from a six-week high ahead of a key jobs report that could determine sentiment ahead of the Federal Reserve’s next...
According to BlockBeats, U.S. job growth accelerated in September, diminishing the necessity for significant rate cuts by the Federal Reserve in its remaining two meetings this year. The U.S. Department of Labor's Bureau of Labor Statistics released a report on Friday indicating that non-farm payrolls increased by 254,000 in September, following an upward revision to 159,000 in August. Federal Reserve Chairman Jerome Powell recently countered investor expectations of a 50 basis point rate cut in November, stating that the committee does not feel an urgency to lower rates swiftly.
The pound is heading for its worst week in over a year.
Since October 2023, the Israel-Hamas conflict has pushed risk assets to the downside.