PCE inflation slips to 2.5% in June - BEA
Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September. According...
Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September. According...
- The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly...
-- Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan logging wild swings amid suspected intervention by the People’s Bank, while the...
-- Gold prices rose in Asian trade on Friday but were nursing steep losses through the week as traders remained largely biased towards the dollar before more cues on interest rates in the coming days.
-- Consumer price index inflation in Japan’s capital showed limited signs of growth in July, offering up mixed signs on price growth ahead of a Bank of Japan meeting...
According to BlockBeats, the CME's 'FedWatch' tool indicates a 93.3% probability that the Federal Reserve will keep interest rates unchanged in August, with a 6.7% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Fed maintaining the current interest rates drops to 0%. There is an 88.6% probability of a cumulative 25 basis point rate cut, an 11% chance of a cumulative 50 basis point rate cut, and a 0.3% probability of a cumulative 75 basis point rate cut.
The spread between 10- and 2-year Treasury yields reached its least-negative level in two years on Wednesday, helped by traders’ expectations that the Federal Reserve needs to start cutting interest rates.
Citi highlighted the Japanese yen's major support level against the US dollar, noting that the USDJPY pair had maintained its position above the 152 mark. This level was...
The tech sector (XLK) has begun to see a sell-off after reaching record heights and, more recently, seeing disappointing quarterly results from tech giant Alphabet (GOOG, GOOGL). Should investors stay locked in or start to broaden out to other opportunities? Verdence Capital Advisors CIO Megan Horneman joins Morning Brief to give insight into the recent sell-off of AI stocks and what investors need to keep in mind for their portfolios moving forward. Horenman affirms: "I think right now the best thing to do is take a look at your portfolios. We think volatility is going to accelerate through the rest of this year. It's going to present some opportunities for investors to get back into areas of the market that have been unloved. You know, small caps. We could talk about that. Small and mid-caps have had a little bit of a rebound here lately. But from a relative attractiveness, they're very cheap compared to large cap." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
The Fed's hopes of a soft landing for the U.S. economy got a major boost this week.