US inflation slows but Fed signals patience Although the latest CPI data revealed that inflation in the US has resumed its downtrend, Fed officials have been continuously signaling patience about when they may start lowering interest rates, with some of the ultra-hawks, like Minneapolis Fed President Neel Kashkari, even leaving the door open to...
Fed sticks to ‘higher for longer’ mentality. PMIs pose downside risks to nonfarm payrolls. But point to sticky wage growth. The data comes out on Friday, at 12:30 GMT.
Thus, even if the official jobs report reveals that the world’s largest economy has added less jobs than in April, average hourly earnings may point to still-elevated wage growth, which could lead to stickier consumer prices in the months to come. Indeed, expectations are for a mild acceleration to 0.3% m/m from 0.2%, which would keep the y/y rate at 3.9%.
Dollarindex Macroeconomics Inflation
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar trades sideways as ISM data kicks off NFP weekThe US Dollar (USD) trades broadly stable on Monday after a calm weekend without geopolitical headlines setting the tone. The Greenback will not be able to enjoy the calm start for long, because this week is full on the economic front.
Read more »
US Dollar sees mild losses as markets digest NFP data ahead of quiet weekThe US Dollar Index (DXY) is currently trading near 105, reflecting mild losses in Monday’s session.
Read more »
Gold price rebounds on downbeat NFP data, softer US DollarGold price (XAU/USD) snaps the two-day losing streak during the Asian session on Monday.
Read more »
New Zealand Dollar gains for second day against US DollarThe New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125.
Read more »
Australian Dollar extends gains amid improved risk appetite, tepid US DollarThe Australian Dollar (AUD) extends gains for the second consecutive session on Monday.
Read more »
Australian Dollar depreciates amid mixed Chinese data, stronger US DollarThe Australian Dollar (AUD) continues to experience a decline for the second consecutive session, largely influenced by recent mixed economic data from China released on Friday.
Read more »