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Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent economic releases have suggested that inflation and economic growth are both cooling, including last week’s report that unemployment in June ticked up to 4.1%. Thursday’s report comes after Federal Reserve Chair Jerome Powell delivered two days of testimony on Capitol Hill this week. The central bank chief did not indicate when exactly rate cuts will begin. However, Powell did say the Fed ... (full story)
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From statssa.gov.za|Jul 11, 2024Manufacturing production decreased by 0,6% in May 2024 compared with May 2023. The following divisions made the largest negative contributions: basic iron and steel, non-ferrous ...
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From dailyforex.com|Jul 11, 2024Gold futures were little changed ahead of two crucial inflation reports later this week. Overall, financial markets have been paying close attention to the language expressed ...
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From bnnbloomberg.ca|Jul 11, 2024BHP Group Ltd. will close its loss-making nickel business in Australia until at least early 2027, after a global glut of the metal spread havoc through the market. The company ...
From bls.gov|Jul 11, 2024|18 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent on a seasonally adjusted basis, after being unchanged in May, the U.S. Bureau of Labor Statistics ...
From dol.gov|Jul 11, 2024|1 commentIn the week ending July 6, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 17,000 from the previous week's revised level. The previous week's ...
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- Posted: Jul 11, 2024 7:30am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 6,378
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