BofA Anticipates RBI Rate Cut by October 2024
In April, India's Consumer Price Index (CPI) inflation slightly decreased by 2 basis points to 4.83% year-over-year, compared to 4.85% in March, according to a recent report by...
In April, India's Consumer Price Index (CPI) inflation slightly decreased by 2 basis points to 4.83% year-over-year, compared to 4.85% in March, according to a recent report by...
-- Most Asian currencies rose on Thursday after some softer U.S. consumer inflation readings pulled the dollar to a one-month low and saw traders increase bets on a...
-- Australia’s job market grew more than expected in April as tight labor conditions persisted for most part, although the unemployment rate also increased as a higher...
-- The Japanese economy shrank more than expected in the first quarter of 2024, hit chiefly by a slowdown in consumer spending amid sticky inflation and sluggish...
According to Odaily News: Federal Reserve official, Neel Kashkari, has suggested that it might be prudent to keep interest rates at their current levels for the time being. This approach could provide the necessary time and data to discern the future trajectory of inflation. In addition, Kashkari highlighted that the progression of the Fed's balance sheet reduction is satisfactory and reaffirmed the institution's commitment to achieving its inflation target of 2%.
SPY jumps 1% after U.S. reported inflation was the slowest in three years.
Shelter costs continued to pressure inflation in April, but a moderation continues and economists expect these pressure to ease in the months ahead.
– U.S. inflation slowed marginally in April, while the gauge of core prices closely watched by the Federal Reserve decelerated slightly but remained stubbornly...
Credit Agricole (OTC:CRARY)'s FAST FX model indicated that the EUR/JPY currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimated that the...
Stocks got a big boost from a softer-than-expected April inflation report, which showed slowing price pressures across the board.