Gold advances as inflation data fuels Fed rate cut optimism
Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week, while investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.
Two data points are key for the Fed to cut interest rates by 0.25% next week at its final policy meeting of the year: ...
17hon MSN
Tech stocks soared on Wednesday, boosted by the prospect of a rate cut at next week's Fed meeting. Tesla stock jumped 6% to ...
Annual inflation rates increased last month. The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.3% in ...
US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers.
Dow futures were lower on Thursday after the latest batch of U.S. economic data, which included reports on inflation and jobs. A reading on producer-price inflation came in slightly hotter than ...
Bond traders are on high alert for a fresh dose of inflation data out on Wednesday that could determine whether Federal ...
The consumer price index’s housing measure, the shelter index, decelerated in November, but the price growth in this sector ...
The South African rand extended gains against the dollar on Thursday, supported by subdued local consumer inflation and ...
Inflation has barely budged in recent months, and that trend is likely to continue in November, as measured by the Consumer ...
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