CPI inflation report upsets betting on big Federal Reserve rate cut
Inflation pressures are easing, but the pace is painstakingly slow.
Inflation pressures are easing, but the pace is painstakingly slow.
The Aussie dollar rallied a bit in the early hours of the Wednesday session, as the markets look like they are trying to stretch above a resistance barrier. However, this is a market that looks a bit overstretched, so a bit of caution makes sense.
U.S. stock futures were mixed on Wednesday, with traders sitting on their hands ahead of key inflation data. In the meantime, eyes will be on any further developments on the Israel-Hamas conflict. Dow Jones Industrial Average futures were down 10 points, or less than 0.
BofA Securities analysts have highlighted the Swiss National Bank's (SNB) recent intervention in the foreign exchange markets, which aimed to weaken the Swiss franc (CHF) amidst...
U.S. stock futures were edging up on Wednesday, with traders sitting on their hands ahead of key inflation data. Dow Jones Industrial Average futures were up 10 points, or less than 0.1%. After racking up major gains on Tuesday on the back of a cool reading for producer prices, markets are likely to take a breather on Wednesday until the main event with the release of the U.S. consumer-price index figures for July at 8:30 Eastern time.
Wall Street is looking to consolidate its recent rebound with a muted July inflation report.
- The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation...