Top Federal Reserve official defends central bank's independence in wake of Trump win
WASHINGTON (AP) — A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic , ...
US Dollar Continues Uptrend on CPI, Hawkish Fed Remarks
US CPI meets expectations, bolstering rate cut hopes But Fed hawks spoil the mood as dollar hits one-year high Gold continues to bleed even as stocks stumble Do...
Morning bid: A twist in the U.S.'s inflation tale?
(Reuters) - A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar is forging ahead again, heading for its biggest week-on-week gain since September last year, up 2.37% s...
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
(Bloomberg) -- Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond...
AUD/USD Remains in the Red; Sellers Seem Cautious
AUD/USD charts new low after disappointing jobs data Short-term outlook remains bearish; sellers eye 0.6470 support AUD/USD continues its bearish slide, hitting a s...
Gold Price Faces Further Declines; Euro Drops to 1-Year Low Against the US Dollar
Gold Continues its Downward Correction Gold ( XAU/USD ) continued its downward correction, falling by nearly 1% yesterday. XAU/USD broke below multiple support levels, and...
Inflation in Check? US Dollar Soars While Markets React to Mixed CPI Data
US inflation came in parallel to expectations, confirming that headline inflation in the US stagnated near 0.3% level for a third month, the yearly figure rebounded from 2.4% to 2.6% as expected,...
Are Tariffs Always Inflationary?
As reported yesterday, October inflation rose 0.2% from a month ago, the same monthly pace as July, August, and September as inflation is finding its balance. Despite the fairly stea...
How Inflation Will Likely Play Out Under Trump's 2nd Term
On Wednesday, the Bureau of Labor Statistics released the latest Consumer Price Index ( CPI ) report for October. Following the trend of the last three months, the inflation rate incre...
Long-End Rates Break Higher – Will Today’s PPI Report Fuel Further Upside?
CPI came in as expected yesterday, but that didn’t stop long-end rates from rising, with the 30-year up six bps and the 10-year up two bps. The dollar index ...
