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US CPI Up Next Today’s US CPI release is drawing a great deal of attention in the run up to the September FOMC meeting. Market pricing has recently swung in favour of a larger .75% hike. However, USD has been trading lower over recent days as increased hawkishness from the ECB and hawkish expectations ahead […]

Equities Rallying As USD Continues to Fall Global equities benchmarks have seen a much stronger start to the week. Extending gains from the backend of last week, the current equities rally is in good health again this week, owing much to the weakness in the US Dollar. With the greenback having pulled away sharply from […]

Tuesday’s August consumer-price index report, which showed “very stubborn” pressure remaining in the gauge which excludes food and energy, “is a game changer in terms of Fed expectations,” Jefferies economists Aneta Markowska and Thomas Simons said in a note. They said a 4% terminal fed funds rate, the level at which the Fed is seen […]

U.S. stocks finished sharply lower Tuesday, with all three major indexes posting their worst daily drop since June 2020 as high U.S. inflation has proven hard for the Federal Reserve to tame through rate hikes. The Dow Jones Industrial Average DJIA, -3.94% fell about 1,276 points, or 3.9%, ending near 31,104. The S&P 500 index […]

An unexpectedly hot consumer-price index report for August has fed funds futures traders boosting the likelihood of a jumbo-size 100 basis point rate hike by the U.S. central bank to 34%, up from zero chance on Monday. Such a hike would take the fed funds rate target to between 3.25% and 3.5%, from a current […]

Stocks tumbled on Tuesday, with the Dow Jones Industrial Average trading down more than 1,000 points, after August inflation came in hotter than expected, underscoring the challenge the Federal Reserve faces in its fight to tame surging prices that have been slow to retreat from a 40-year high. The Dow Jones Industrial Average DJIA, -3.94% […]